Property Valuation
Which principle of value holds that a property surrounded by more valuable properties tends to increase in value?
APrinciple of regression
BPrinciple of conformity
CPrinciple of progression✓ Correct
DPrinciple of contribution
Explanation
The principle of progression holds that a lower-value property may increase in value when surrounded by higher-value properties. This is the opposite of the principle of regression, where a high-value property loses value when surrounded by lower-value properties.
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