Which term describes an increase in property value due to improvements or market changes?

The term that describes an increase in property value due to improvements or market changes is appreciation. When a property appreciates, its value rises, reflecting a positive change in the market, or enhancements made to the property itself. This can result from various factors, including economic growth, increased demand for properties in the area, or upgrades to the property that make it more desirable.

Appreciation is a key concept in real estate, as it highlights the potential for investment growth over time. Homeowners and investors typically view appreciation as a positive indicator of their investment's performance.

The other terms provided have different meanings. Acceleration generally refers to a speed increase and does not specifically relate to property value. Depreciation indicates a decrease in property value, often due to factors like aging or market decline. Depreciation recovery typically refers to a tax concept, where a property owner recovers the depreciation taken on a property when it is sold, again not aligned with value increase. Therefore, appreciation is the correct term that signifies rising property values in response to various improving circumstances.