Property Valuation
The principle of progression means:
AA lower-value property is enhanced by being near higher-value properties✓ Correct
BA property's value always increases over time
CHigher-value properties pull down lower-value properties
DA new development always increases nearby property values
Explanation
The principle of progression states that the value of a lower-value property is positively affected by nearby higher-value properties. The opposite (regression) occurs when a higher-value property is surrounded by lower-value properties.
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