Property Valuation
A South Carolina property's value tends to decrease when it is significantly larger and more expensive than surrounding properties. This is the principle of:
AProgression
BRegression✓ Correct
CConformity
DContribution
Explanation
The principle of regression states that a higher-value property's value is reduced by proximity to lower-value properties. Overimproving a property relative to the neighborhood can decrease overall value.
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