As well we have seen numbers

As well we have seen numbers today which show that house prices are continuing to fall in Spain and are falling even more qucikly than before! Take a look at this.Something troubling here If we look at the figures we see that the rate of fall of the house price index has been accelerating. We have a hint of this in the way that they have fallen 5% in the first quarter of 2012 which is a lot faster rate than a 12.6% year on year one. If we look back we see that the acceleration of the fall has been building. The numbers below represent annual falls and are quarterly figures beginning from the first quarter of 2011.  -4.1%; -6.8%; -7.4%; -11.2%; and now -12.6% You do not need a degree in statistics to spot the trend in play here! But here we have something which official views/forecasts will never give you. If we look at “ground zero” for the Spanish crisis then according to the latest data it is not only getting worse but it is doing so at an accelerating rate.http://www.mindfulmoney.co.uk/wp/shaun-richards/according-to-the-latest-data-house-price-falls-in-spain-are-accelerating-which-worsens-everything/I wonder how all the apologists will try to spin this news...