Property Valuation
The appraisal principle of 'progression' suggests that:
AA lower-value property benefits from being located among higher-value properties✓ Correct
BA higher-value property is pulled down by lower-value neighbors
CProperty values always increase over time
DThe most valuable property in a neighborhood sets the price ceiling for all others
Explanation
The principle of progression states that a lower-value property benefits from proximity to higher-value properties (its value is pulled up). The opposing principle, regression, states that a higher-value property is harmed by proximity to lower-value properties. Buyers of the lesser property capture value from the surrounding environment.
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