Property Valuation
The principle of progression states that:
AA property's value increases as improvements are added
BA lower-value property benefits from being surrounded by higher-value properties✓ Correct
CA higher-value property is harmed by being surrounded by lower-value properties
DProperty values always increase over time
Explanation
The principle of progression holds that a lower-value property benefits from association with higher-value properties in the area. This is why a modest house in an upscale neighborhood often sells for more than it would in a less desirable area.
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