MHC rentals hike above 10%: Malawi landlords to follow suit
Tenants of the Malawi Housing Corporation (MHC) will start to dig deeper into their pockets following the corporation’s rental hike “above 10 percent”.
MHC general manager Eunice Napolo said Ministry of Lands, Housing and Urban Development has given them the corporation a go-ahead to raise house rentals effective as one way of increasing revenue to help the parastatal meet some of its obligations.
Napolo said the government gave MHC the mandate tit un on commercial basis.
“So it has been resolved that MHC should increase rents of very good houses in areas such as 49 in Lilongwe by above 10 percent,” said Napolo.
She said such good houses are currently being rented at K45,000.
But tenants argue that the corporation could have first undertaken renovation exercise on the houses before hiking the rentals.
Napolo said the hike will be “targeted” as she conceded that some of the MHC houses “are not in good condition.”
She said MHC will be conducting routine market analyses on how it can raise rents.
MHC is a parastatal organization which is responsible for the construction and renting of houses to the public to ease the accommodation problems.
Some of the private landlords Nyasa Times spoke to, have also indicated that they will be raising their rentals.
You reporter learn good reporting by not influencing non-MHC landlords into raising their house rentals. You were scripting MHC story then you deliberately approached non-MHC landlords to ask them leading questions about raising rentals. If in Malawi there are people who receive meager salaries journalists are one of them alongside primary school teachers and migwanya so take care how you do your reporting otherwise once private landlords raise their rentals you will be one of the hardly-hit victims and unfortunately you can’t even dare hold strikes.
Go ahead MHC as the economy is not stable , hence maintenance expensive as well.
Well done MHC. Your house rentals are affordable to be honest. Its timely!
Costs are not Fixed as we think but rather variable or semi-Fixed remember and this comes in line with activity output.In this
case we are looking at our current currency value to the famous US Doll which determines the cost of items on the market
you believe it or not.Expect costs to rise or skyrocket and not decrease over time based on the economy.