Task 1 practise 7.10.docx - Given is a bar chart depicting the changes in average house price of 5 major cities during 19901995 and 1996-2002 compared

Task 1 practise 7.10.docx - Given is a bar chart depicting...

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Given is a bar chart depicting the changes in average house price of 5 major cities during 1990- 1995 and 1996-2002 compared with that in 1989. During the first 5 years, average house price experienced a generally dropping trend, although in Frankfurt and Madrid, this figure rose marginally, with increments of approximately 2% and 1% respectively. A decrease about 7% in house price occurred in London, which turned out to be the sharpest fall, followed closely by the figures in Tokyo and New York, with percentage changes of -5% and -7% correspondingly.
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In the whole decade, however, a distinct overall trend of the rise in housing price was witnessed,
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Unformatted text preview: except for one outlier, the figure of Tokyo, with a 5% fall. It is noticeable that in contrast to the dramatic decline in the first 5 years, the house price in London climbed exponentially by over 10%, the most rapid alteration among all 5 metropolises. In New York, Madrid and Frankfurt, there were also increments of house price, albeit to variation in extent ranging from 5% (New York) to 1% (Frankfurt). In a nutshell, the first 5 years witnessed a plunge of house price generally, while during a span of 10 years, the house price grew overall....
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