Prices of single houses and townhouses had dropped slightly in the first quarter of this year upon consumer concerns over the economic slowdown and political instability, according to a survey released by the Government Housing Bank.

GHB’s Real Estate Information Centre’s Research Division reported the survey calculated based housing prices in greater Bangkok in the first quarter of 2007 showed the single house price index stood at 159.5, down 1.2 per cent from the previous quarter, but up 0.4 per cent from the same quarter last year.

The townhouse price index stood at 151.2, down 0.1 per cent from the previous quarter, but up 2.2 per cent from the corresponding period the year before.

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... a bit down compared to last quarter and a bit more up compared to same time last year ... so - are they up or are they down? ...

Okay - since nobody else dare answer: The obvious answer to my question is: It's just plain flat (Note! Were only talking about Bangkok flats, here) ... Most other places (outside other blindfolded cocoon areas: Koh Samui, Pattaya, Hua Hin, Cha Aam, Patong, Koh Chang and whatever place quick buck real estate speculators know much better than me) aren't but continuing their upward trend in their own slow and steady pace.

The size of the homes were smaller and, even with a slightly higher price per square meter, the reported sales prices dropped.

Too, as several TVers have posted, it's easy to finagle a lower "reported" sales price, as compared to the "actual" sales price.