The terms lot and tract both describe an area of land. These two terms are not synonyms. Lot is used to discuss a legally defined piece of property or real estate. Every lot is not the same size, but the term is used when discussing a piece of land that is or will be owned and developed by a specific person. A tract of land is a general term, and can define a few acres, square miles or large identifiable area of land. A tract of land is an identifiable expanse of land.
Sales prices have depreciated 37.1% over the last 5 years in Malta. The average listing price for Malta homes for sale on Trulia was $323,574 for the week ending Sep 30, which represents a decline of 0.6%, or $2,075, compared to the prior week and a decline of 4.4%, or $14,937, compared to the week ending Sep 09.
The good news here is that it will not take you 500 years of average income to buy a house in Dubai or Abu Dhabi even as property prices have grown at world beating rates for the past 18 months.Read: Dubai house prices growing at world's fastest rate and Dubai house prices rising fastest in the world â again.ccording to PropertyFinder.ae, an online real estate classifieds website, the average price of an apartment in Dubai currently stands at Dh2,720,078 and a villa in the emirate will set you back by an average Dh6,540,723.