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.
Building costs range from around â¬700 to â¬1,500 (or more) per square metre in resort areas, depending on the quality and the area. However, you should add an extra 10 to 15 per cent to the estimated price, as the cost of building a house is always more expensive than originally planned.Note, that labour costs may be considerably higher if your plot is situated in a remote area where you must also pay extra for transportation of materials.ost builders offer package deals that include the land and the cost of building a home. However, it isnât always advisable to buy the building plot from the builder whoâs going to build your home and you should shop around and compare separate land and building costs.