Sep 19, 2017 Last Updated 8:40 AM, Sep 19, 2017

Malawi Housing Corporation Hikes Rentals

The rentals have been hiked depending different variables The rentals have been hiked depending different variables Image sourced at nyasatimes.com
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Tenants living in Malawi Housing Corporation (MHC) houses will have to start digging deeper into their pockets as the Corporation has hiked up its rentals.

Public Relations Officer for the MHC Ernestina Yobe has attributed the hike to the Corporation’s graduation into a profit making entity.

The rental adjustments, in some instances up to a 100 percent, come at a time when a majority of the tenants are grappling with the high costs of living.

Currently there is also a shortage of MHC houses, as the Corporation has sold most of its units to private owners who are offering them on the market for double the MHC value.

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

However with the hike in rentals, properties may become unaffordable.

Speaking to capital FM, Public Relations Officer for the MHC said that the rentals have been slightly 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.

Yobe went on further to say that this is not the first time MHC has hiked rentals but this time around it is higher than that of the previous years mainly due to the commercialisation of the corporation.

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

He mentioned that the amount was too much as the prices of various commodities on the market continues to rise on a daily basis.

MHC is recently embarked on a venture to construct houses so to meet the demand for housing which is on a rise in the country’s cities.

About 25,000 houses are expected to be built in Blantyre, Lilongwe and Mzuzu by the year 2018.

According to media reports, MHC last constructed a reasonable number of houses in the 1970’s when the areas of Nkolokosa, Soche, Area 18 and others were being developed.

With a population of over 17 million, the national housing demand is pegged at 21,000 units annually.

Last modified on Tuesday, 06 June 2017 14:58

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