London's financial district, the City, is seeing a sharp drop in property prices as remote work reshapes demand for central housing. Once boosted by luxury developments like The Heron, City homes rose 40.5% from 2013 to 2024, but prices have since plunged over 10% in 2024 alone. With fewer buyers prioritizing proximity to offices and rising interest rates, the market has shifted to favor buyers. While some, like Jocelyn Ho, still seek central living for its amenities, many are moving to suburban areas, spurred by flexible work. Investors are also deterred by increased taxes and falling returns.