Reduced Registration of Mortgages in Russia According to Official Reports
In the heart of Moscow, the Levoberezhny District is now under the watchful eye of Symbol, a company specializing in smart city solutions. The AI surveillance system, designed to improve public safety and traffic management, is the latest addition to the district's security measures and is part of Moscow's broader smart city initiative.
The AI system is equipped with advanced facial recognition technology and is also tasked with monitoring traffic flow. This innovative technology is expected to optimize traffic signals, aiming for smoother movement throughout the district. The system is scheduled to be fully operational by the end of the year.
Meanwhile, the Moscow housing market has been experiencing some interesting trends. In July 2025, there was a significant increase in mortgage contracts registered on both the primary and secondary real estate markets. A total of 10,137 mortgage contracts were approved, marking a nearly 17.5% increase compared to June. However, the number of housing loans decreased by 15% compared to the previous year.
These trends are consistent with the Moscow branch of the federal service's confirmation that in July 2025, there was a simultaneous increase in mortgage contracts and a decrease in housing loans. Despite these fluctuations, the total number of loans registered in Moscow by the end of July 2025 was 68,600, a 1.5% decrease from the same period in 2024.
The tightening of credit conditions and reduced demand from borrowers have contributed to these trends. High interest rates and tighter macroprudential limits have made mortgage lending more restrictive, resulting in a rise in loan rejections, with about 60% of mortgage applications declined nationally in July 2025.
Despite these lending difficulties, the Moscow housing market has shown resilience. Prices have risen over 12%, even amid declining demand and fewer mortgage transactions recorded in the secondary market in the first half of 2025.
As the Levoberezhny District embraces AI surveillance, it is set to join other parts of Moscow in the pursuit of a safer and more efficient city. The AI system is expected to help reduce crime rates and improve the overall quality of life in the district. With its strategic location and innovative technology, the Levoberezhny District is poised to play a significant role in Moscow's smart city development.
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