Malawi Housing Corporation in 100 percent rental hike

Malawi Housing Corporation (MHC) has raised rentals of its houses by between 80 and 100 percent.

Public Relations Officer for the MHC Ernestina Lunguzi Yobe has confirmed the rental adjustments.

Lunguzi said that the rentals have been adjusted effective the first day of July.

Yobe attributed the hike to the fact that the corporation is now operating as a commercial entity and needs resources to keep it afloat.

The adjustments are said to have been hiked differently based on house location, size and class.

MHC own about 7 000 housing units across the country and has over 60 000 potential tenants on their waiting list.

The MHC houses have been the most affordable in the country, providing decent accommodation to medium and low income earners.

A Blantyre based tenant of one MHC house has been notified that he will be paying up to MK36,000 for a house that used to be MK18,000.