Property Valuation
The principle of progression in real estate valuation means:
AProperty values always increase over time
BA lower-value property benefits in value from being located among higher-value properties✓ Correct
CA higher-value property is diminished by being located near lower-value properties
DNew construction is always worth more than older buildings
Explanation
The principle of progression states that the value of an inferior property is enhanced by its proximity to superior properties. Its counterpart, regression, states that a superior property's value is diminished by proximity to inferior ones.
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