Property Valuation
The principle of 'progression' in real estate value states that:
AProperty values always increase over time
BA lower-value property in a neighborhood of higher-value properties is pulled upward in value✓ Correct
CA higher-value property in a neighborhood of lower-value properties maintains its value
DProperties appreciate at a fixed annual percentage rate
Explanation
The principle of progression states that a less valuable property benefits from being surrounded by more valuable properties — its value is pulled upward. The opposite (regression) applies when a high-value property is surrounded by lower-value properties, pulling its value down.
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