Property Valuation
The 'principle of progression' in real estate means that:
AA lower-value property will increase in value when located among higher-value properties✓ Correct
BProperties always appreciate over time
CHigher-value properties pull down surrounding values
DNew construction is always worth more than older buildings
Explanation
The principle of progression holds that the value of a lower-quality property is enhanced (pulled up) when it is located among higher-quality properties. The opposite is the principle of regression.
Related Florida Property Valuation Questions
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