Property Valuation
The principle of 'progression' in real estate value states that:
AA lower-priced property benefits (increases in value) when located among higher-priced properties✓ Correct
BA higher-priced property always increases in value over time
CProperty values always progress (increase) in a healthy market
DNew properties are always valued higher than older ones
Explanation
The principle of progression holds that the value of a lesser property is positively affected by its proximity to higher-value properties. A modest home in an upscale neighborhood will generally be worth more than the same home in a lesser neighborhood.
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