Percentage Change In Average House Prices In Five Cities | Band 8 IELTS Report Sample
Percentage change in average house prices in five cities 1990-2002 compared with 1989.
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Band 8 IELTS report sample
The Bar chart shows the percentage change in average housing prices in five cities over the period from 1990 to 2002 / between 1990 and 2002 as compared to the average prices in 1989. Overall, in the first five years, from 1990 to 1995, house prices in New York, London and Tokyo went down; however, towards the end of 2002, the average home prices for all countries went up and showed a positive change except for Tokyo and Frankfurt. Compared to 1989, house prices in Madrid and Frankfurt were up by 2% and 3% respectively between 1990 and 1995. Though the housing prices in New York went down, the fall was not as steep as that of Tokyo and London; their price dropped drastically by approximately 8%. Between 1996 and 2002, New York and Madrid saw an upward trend of close to 5% and 4% respectively. Moreover, London city’s housing rates rose exponentially reaching a peak of 8%. In Tokyo, the prices rose marginally but were still down by 5% compared to average prices in 1989. Frankfurt was the only city in the year 2002 to experience a fall in residential prices.
Band 8 IELTS report sample 2
The chart shows how property prices changed in five cities between 1990 and 2002 compared to prices in 1989. Overall, it can be seen that there was a drastic drop in home prices during the period between 1990 and 1995 in all cities except Madrid and Frankfurt. While prices fell by 5% in New York, the drop was even sharper in Tokyo and London where they fell by 8% each. Madrid and Frankfurt registered a marginal increase of 2% and 3% respectively. While prices increased in all cities during the period from 1996 to 2002, in Tokyo, they were still below the average prices in 1989. During this period London, registered the highest growth in prices (12%). In New York and Madrid, prices went up by 5% and 4% respectively. In Tokyo, compared to the period between 1990 and 1995, prices were up by 3% but they were still down by 5% compared to prices in 1989. Frankfurt was the only city in the year 2002 to experience a fall in residential prices.