KYIV, Dec 21 – The aggressor's invasion of Ukraine froze the real estate market in most Ukrainian cities, in order to overcome the negative consequences, many objects will be forced to carry out extreme reconstruction, Kostiantyn Oliynyk, the head of the UTG strategic consulting department, told Interfax-Ukraine.

"A number of previously commercially successful properties lost their positions in 2022, some of the new ones simply did not have time to gain popularity. They will be forced to carry out extreme reconstruction: complex redevelopment, reprofiling or a complete change in format," he said.