U.K. house prices rose for a fourth consecutive month in November, and mortgage approvals climbed to their highest in 18 months as the economy started to emerge from the recession.

The average cost of a home in England and Wales rose 0.2% from the previous month, to $258,000, Hometrack Ltd. said in a report issued Monday. Lenders granted 57,345 mortgages in October, compared with 56,205 in September, a separate Bank of England report said. That was the most since March 2008.

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