principle of progression


A real estate valuation theory which states that a property of lesser value is enhanced through proximity with higher value properties. The principle may be evident during the appraisal process whereby two or more buildings with similar amenities are compared; the less marketable property may be valued slightly higher due to its location.

Use this term in a sentence

I have long adhered to the Principle of Progression when purchasing a home and sought properties at the lower end of the valuation range for a given community.

​ Was this Helpful? YES  NO 6 people found this helpful.

Buying the cheapest property in a expensive neighborhood is a common tactic by saavy real estate investors who know that they can rely on the principle of progression.

​ Was this Helpful? YES  NO 10 people found this helpful.

We purchased one of the least expensive houses in our new neighborhood. However, our realtor assured us that through the principle of progression our house value would increase because because of the more expensive houses in the area.

​ Was this Helpful? YES  NO 9 people found this helpful.

Show more usage examples...

Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
principle of conformity principle of regression