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.
Cost of Living in Malta. Despite performing better than much of the Eurozone, Malta has not been immune to the financial market and the Maltese have felt some strain. The prices of goods and services have steadily risen but salary increases have failed to keep pace.