Property Valuation
The principle of 'progression' in real estate value means:
AProperty values increase over time
BA lower-value property is enhanced by being located near higher-value properties✓ Correct
CValues decline from their peak as the property ages
DCommercial properties appreciate faster than residential properties
Explanation
The principle of progression holds that the value of an inferior property is positively influenced by proximity to superior properties. The 'worst house on the best block' benefits from surrounding higher-value homes.
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