Which of the following factors can affect property value?

Market trends significantly influence property value as they reflect the overall demand and supply dynamics within a specific geographic area. When the market is strong, characterized by high demand and limited inventory, property values tend to increase. Conversely, during a downturn, where supply exceeds demand, property values can decline.

Market trends encompass economic indicators, regional employment rates, and shifts in demographics, alongside buyer sentiment. Real estate professionals use these trends to assess property values and trends over time, making them an essential factor in determining how much a property is worth at any given moment.

While the other factors—building materials, personal preferences, and landscaping aesthetics—can indeed impact individual property appeal and possibly influence a buyer's perception, they do not carry the same weight in broader market valuation context. Market trends provide a framework that ultimately dictates how various attributes of a property are valued in the real estate marketplace.