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.
It was on a flat site with easy access. That price is current but building costs are rising at about 1 per cent a month, notwithstanding council and code requirements. I researched how housing cost have risen over the years. In 2001 it cost $820 a square metre. In 2009 it was $1030 and in 2010 it was about $1200.I understand insurance companies are working on $1520, as of last month.Scary isn't it, and I haven't mentioned section prices.n 2001 it cost $820 a square metre. In 2009 it was $1030 and in 2010 it was about $1200. I understand insurance companies are working on $1520, as of last month. Scary isn't it, and I haven't mentioned section prices.