House rental prices reach 3-year high

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Rental prices across Calderdale have reached a three year high as people struggle to get onto the property market.

Figures from HomeLet show that across Yorkshire average rental prices reached £572 in July - a 4 per cent increase on the previous month and the highest figure since 2008.

But, despite the rise, rental prices in the region are 25 per cent less than the UK average.

John Boyle, Managing Director of HomeLet, said: “These figures are a clear indication of how people are still struggling to get onto the property ladder.

“Even though there has been a 3.6 per cent decrease in property prices in the area over the past year, tough mortgage availability means more people are renting rather than purchasing a house.”

HomeLet works with 3,000 approved letting agents nationwide.