Which factor could devalue a property in terms of market demand?

High mortgage rates can significantly devalue a property in terms of market demand because they directly affect buyers' purchasing power. When mortgage rates rise, potential buyers may find it more expensive to finance a home, leading to a reduction in the number of active buyers in the market. This increased cost can deter people from purchasing homes, resulting in lower demand for properties. Consequently, sellers may be compelled to lower their asking prices to attract buyers, thereby leading to a decrease in property value.

In contrast, the other factors listed tend to enhance a property's value. Top-rated schools nearby generally increase property desirability as families often seek homes in well-regarded school districts. Similarly, a growing business district can attract more residents and businesses, leading to increased demand for housing in the vicinity. Attractive landscaping can improve curb appeal, making the property more appealing and potentially increasing its market value.