The average size of commercial property deals in Europe in the first six months of 2009 was 59% lower than the peak of 2007, according to a report released by CB Richard Ellis. "The banks' appetite for lending on large transactions has been very limited since the second half of 2007," said Jonathan Hull, CBRE executive director of EMEA Capital Markets. Hull did say banks had shown more willingness to lend in recent months.

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