The line graph compares average house prices in three countries over the period of 18 years, from 1997 to 2014. Overall, all three countries witnessed a substantial increase in average house prices, with Country A consistently having the highest prices nearly every year. Notably, the average house prices in Country B and C followed a similar pattern throughout the period. It is worth mentioning that, despite the remarkable growth in average house prices in all three countries, each experienced a slight decline at some point during the period.
The average house price in Country A was the highest at both the beginning and end of the period. Starting at around 150k in 1997, the average house prices in Country A increased dramatically to just over 500k in 2003 before suddenly dropping to just below 500k after three years. Since then, there was a steady growth in house prices in Country A until the end of the period, reaching approximately 600k, which was the highest on the graph.
As for Countries B and C, they exhibited nearly similar trends in average house prices, with Country B showing higher figures. The average price for a house in both countries was at around 125k in 1997, a figure that then continuously rose reaching 350k in Country B and just below 250k in Country C. Similar to Country A, despite increasing remarkably, there was a slight decline in the average house prices in Country B and C in 2008. In the final years of the period, both Countries B and C experienced some fluctuations in average house prices, with Country B at around 500k and Country C just over 250k.