HOUSEPRICES in Hillingdon have dropped an average of 6.7 per cent since the announcement approving Heathrow Airport's Third Runway.
Asking prices in all surrounding west London boroughs have seen a significant drop, according to price monitor Rightmove, and experts claim the airport is a major player in these figures.
Miles Shipside of Rightmove, said: "It remains to be seen whether the positive effect of extra jobs outweighs negative impacts that inevitably come with such an expansion."
John McDonnell, Labour MP for Hayes and Harlington, who has vehemently opposed the plans says he is not surprised the recession-hit property market in Hillingdon is reeling from January's announcement.
He said: "Despite the promises of the expansion of the airport bringing local prosperity this is an example of how it is blighting the local economy.
"The runway is undermining people's ability to sell."
In neighbouring Hounslow, property prices have dropped since January by a massive 14.1 per cent.
"Its exactly as we predicted and we warned the Government of this.
"The solution is to end the expansion of Heathrow, it would relieve the pressure on the housing market and properties could return to levels they should be at.
"Its a double whammy, the recession has hit us and now the expansion."
What are your experiences of the property market, do you think the Heathrow announcemnt has had an effect? Call the newsdesk on 01895 451030 or e-mail firstname.lastname@example.org