According to the Principle of Anticipation, what creates value for a buyer?

The Principle of Anticipation emphasizes that the value of a property is largely determined by the potential future benefits it may provide to its owner. This principle asserts that buyers often make decisions based on what they expect to gain from the property over its future use, rather than solely on its current conditions or historical context. In this case, the expectation of future benefits related to amenities is a key factor that influences buyers' perceptions of value. Buyers are likely to find properties more attractive if they believe that those properties will provide enhanced enjoyment, convenience, or economic advantage in the future due to available amenities.

The other options focus on more immediate or static features of the property that do not correlate as strongly with the potential for value creation based on future expectations. Current property conditions and immediate cash flow contribute to present value, while historical significance may appeal to certain buyers but doesn't directly relate to future benefits expected. Therefore, the anticipation of future amenities is what truly generates value from a buyer's perspective according to this principle.