Remote work tanking home prices in heart of London

The City of London is the financial heart of the United Kingdom. (Image: GJ Marshy, Wikipedia CC BY-SA 4.0)

Sun, 05 Jan 2025

By Ruth BloomfieldWhen he was running his own hedge fund, Peter Brewer’s working life was gruelling. He was usually at his desk by 6am, and worked up to 100 hours a week. Commuting long hours from his home, about 50km south of central London to the British capital’s historic financial district, felt like an unnecessary extra burden. So in 2014, Brewer, who was recently divorced and with a new partner, decided to buy a six-bedroom split-level penthouse apartment a six-minute walk from work.In 2014, the City, a compact and h...

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