When a house that is in poor condition is located within a neighborhood where all the other properties are well kept, on this property this is an example of: a. Principal of Regression b. Principal of Progression c. Principal of Conformity d. Principal of Succession
Based on the information provided within the question it can be said that this is an example of the principle of progression. This principle basically states that the value of a piece of property or real estate will increase in price as more expensive properties come into the area, as well as the price remaining high if it is in an area of well kept and high value properties. Such is the case in this scenario.
