What occurs in the Principle of Progression?

The Principle of Progression suggests that the value of a property can be enhanced when it is situated among higher-priced properties. This concept is grounded in the idea that a lower-priced property located in a desirable neighborhood with more expensive homes is likely to increase in value due to the surrounding environment. Buyers see value in homes that are part of a community that has a higher average property price, as these neighborhoods often come with better amenities, schools, and other desirable characteristics. Therefore, the presence of higher-priced homes positively influences the value of the lower-priced property, making it more appealing and valuable over time.

Option A indicates the opposite of the Principle of Progression, which is not applicable since properties should not decrease in value solely due to their location. Option C refers to assessment practices but does not relate directly to the progression concept. Finally, option D speaks more generally about property appreciation rather than specifying how the influence of surrounding properties impacts value, which is the core of the Principle of Progression.