Property Valuation
The Massachusetts Boston market is known for its high property values. A major driver of Boston residential real estate values is:
ALow property taxes relative to the rest of New England
BThe concentration of world-class universities, medical centers, and financial institutions creating high demand✓ Correct
CAbundant available land for development
DA lack of historic preservation restrictions
Explanation
Boston's high property values are driven by its concentration of major universities (Harvard, MIT), world-class hospitals, financial institutions, and a highly educated workforce, creating exceptional demand in a constrained supply market.
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