Rent Cap and Eviction Restrictions extended until March 2024

  • Written by Evan Murphy
  • General
  • June 12th, 2023

At the beginning of June, the Scottish Government announced that it was extending the Cost of Living (Tenant Protection) (Scotland) Act Regulations beyond 30 September 2023 for an additional six months. This came as a surprise to nobody in the letting industry as the…

Read More

Edinburgh Sales Market Update - June 2023

Prices to soften as we move into the summer

Last week’s property market headline is that over 10% of mortgage products have been withdrawn from the market over the past week. Nearly 800 residential and buy-to-let deals have…

Read More

Edinburgh Rental Market Update - June 2023

  • Written by Evan Murphy
  • General
  • May 17th, 2023

 

At the end of April, available properties reached their highest level since June 2022. While this is not a surprise since this is the time of year when student properties come on to the market and we expect the number of available properties to rise, these latest…

Read More

Update on Licensing of short term lets

  • Written by Evan Murphy
  • General
  • May 17th, 2023

It’s less than 5 months to go until the deadline for existing hosts to apply for a license to continue to operate their short term let in Scotland.

 

Short term let licensing

Since 1st October 2022, new operators…

Read More

Umega Home Repairs: the alternative handyman service you’ve been waiting for

For almost 20 years we’ve been repairing and maintaining properties throughout Edinburgh. During this time, we’ve put together a fantastic  team of skilled and experienced maintenance technicians supported by a first-class back-office customer service team. We’ve honed our craft of delivering a reliable, responsive, high-quality, repairs service, with…

Read More

Hiring: Property Inspector - CLOSED

  • Written by Evan Murphy
  • Careers
  • May 17th, 2023

Please send us a STAND OUT cover letter with your application, detailing what you can bring to this role in Team Umega, and why we’d be mad not to hire you! (Applications without covering letters will not be considered).

In 2023 (and beyond), we’ve…

Read More

Hiring: Compliance Coordinator - CLOSED

  • Written by Evan Murphy
  • Careers
  • May 17th, 2023

Please send us a STAND OUT cover letter with your application, detailing what you can bring to this role in Team Umega, and why we’d be mad not to hire you! (Applications without covering letters will not be considered).

We are looking for a hard-working, diligent and driven…

Read More

Hiring: Portfolio Manager - CLOSED

  • Written by Evan Murphy
  • Careers
  • May 17th, 2023

Please send us a STAND OUT cover letter with your application, detailing what you can bring to this role in Team Umega, and why we’d be mad not to hire you! (Applications without covering letters will not be considered).

We have an exciting and rare opportunity to join…

Read More

Edinburgh Sales Market Update - May 2023

Decent stock levels and sensible pricing keep the Edinburgh market moving

As we move into May we find ourselves in the thick of the Spring property market when, traditionally, a lot of the action takes place and we get a really good sense…

Read More

Edinburgh Rental Market Update - April 2023

  • Written by Evan Murphy
  • General
  • April 12th, 2023

Reduction in properties available to-let

The Edinburgh rental market currently has a lower number of available properties to rent than at the same time last year. This is ominous for home-hunting tenants and policy makers as it appears that this year is going…

Read More

Edinburgh Sales Market Update - April 2023

A healthy sales market so far in 2023

Over the course of 2022, the number of properties on the sales market in Edinburgh increased steadily, towards healthier levels. Many expected stock levels to continue to grow into 2023 as homes would be listed…

Read More

End to Rent Freeze

  • Written by Evan Murphy
  • General
  • April 12th, 2023

From the 1st of April, rents on private rented tenancies in Scotland can be increased again by as much as 3%, or as much as 6% if landlords can demonstrate a relevant increase in their prescribed property costs.

There is a required notice period of 3…

Read More