Architect David Adjaye Awarded Britain’s Order of Merit
David Adjaye has become the fifth architect ever to be awarded Britain’s Order of Merit. The British-Ghanaian architect, founder of Adjaye Associates, was one of the last members to be chosen for the honor by the late Queen Elizabeth II, and was admitted on Nov. 24. He joins Edwin Lutyens, Giles Gilbert Scott, Basil Spence and Norman Foster—the only other living architect to currently hold the title. Dezeen
Unfinished New Jersey Mansion Asks $24.95 Million
An unfinished 40,000-square-foot house, on the market for $24.95 million, is thought to be the highest asking price ever for a residential property in South Jersey. The seven-bedroom home is about 90% complete and has a sports-themed tavern, a vehicle elevator, a home theater, a wine cellar and a chapel. “We really struggle with what words to use to describe this property,” said listing agent Kevin Steiger, of Kurfiss Sotheby’s International Realty. “This house lends itself to entertaining on a grand scale. It will be an amazing property for someone to live and entertain in.” The Inquirer
German Property Market Set to Slow, Not Correct
The German property market may be headed towards a slowdown, but it is expected to dodge any significant correction, according to the country’s central bank. The report from The Deutsche Bundesbank noted the strong rise in property prices from 2010 to mid-2022 and said overvaluations increased in German cities, towns and in the country as a whole in 2021. “We do see a slowdown in the price growth for residential real estate, but it’s not that the overall dynamic has reversed,” said Claudia Buch, vice president of the Bundesbank. CNBC
Beachfront Mansion Ranks as Australia’s Most Popular Home Listing
The most coveted home in Australia is a lavish Sydney mansion that’s been dubbed the country’s “most beautiful beach house.” The beachfront spread in Palm Beach, which has a price expectation of around A$40 million (US$48.3 million), is the most clicked on listing in the country on Domain’s online property portal over the past seven days. It has ocean views, a gourmet-style kitchen, a modern living room, a beachfront balcony and a private entrance from the beach. Domain
