Property Valuation
The principle of progression states that:
AA property's value will decline if surrounded by lower-value properties
BA lower-value property benefits from being located near higher-value properties✓ Correct
CProperty values always increase over time
DImprovements always add value greater than their cost
Explanation
Progression holds that a less expensive property can increase in value when located among more valuable properties. Its counterpart, regression, holds that a higher-value property's value is depressed by nearby lower-value properties.
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