What stage in the property lifecycle is characterized by increased values due to development?

The stage characterized by increased values due to development is the integration stage. This phase represents a time when there is a significant influx of investment and development in a particular area, leading to heightened demand for properties and, subsequently, an increase in property values.

During the integration stage, new construction, improvements in infrastructure, and the establishment of amenities attract new residents and businesses, further stimulating economic growth and adding to the desirability of the area. This can include the development of residential, commercial, or mixed-use properties, all of which contribute to rising property values.

This contrasts with the other stages such as equilibrium, which represents a balanced state where supply meets demand, or disintegration, where property values decline due to lack of investment or economic downturns. Stabilization often refers to a period where property values become stabilized after rapid growth or decline but does not indicate the active development and resulting increases in value characteristic of the integration phase.