Standard Bank, which holds a leading position in SA’s home loan market, says it is seeing an uptick in activity from first-time buyers, an indication that consumers are expecting a cut in interest rates soon.

Toni Anderson, head of Standard Bank Home Services, said in May nearly half of home loans registered by the bank were taken by first-time buyers, with Gauteng, Western Cape and KwaZulu-Natal, seeing the most activity...

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