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You should spend about 20 minutes on this task.
The chart below shows information about changes in average house prices in five different cities between 1990 and 2002 compared with the average house prices in 1989.
Model Answer:
In general, the data clearly indicates that from 1990 to 1995, the majority of the five cities experienced a decrease in house prices compared to 1989. However, between 1996 and 2002, all cities except Frankfurt showed an upward trend in average house prices.
Specifically, Tokyo's house prices remained lower than 1989 throughout the given period, but there was a relatively smaller increase in prices from 1996 to 2002 compared to the decrease from 1990 to 1995. Frankfurt, on the other hand, showed a slight decrease of approximately 1%.
Among the five cities, London had the largest variation in house prices between 1990 and 2002 compared to 1989, with a total fluctuation of around 19%. New York had a larger fluctuation than Madrid, with a 10% and nearly 5% change respectively.
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