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.Follow and Subscribe Nyasa TV :