Golden Share is an affordable housing initiative backed by the City of Edinburgh council, allowing home-buyers to own 100% of their property with a purchase price of just 80% of the open market value.
Under the Golden Share scheme, the purchaser owns 100% of the home, but the Golden Share price of the property is fixed at 80% of the open market value (at the time of sale). The purchaser must provide necessary evidence to demonstrate that they are eligible for the scheme.
The scheme is available to potential purchasers who can evidence a local connection, a need for a property of the chosen size, and an inability to finance the purchase of the property at its full market value.
The home must be the purchaser’s sole and primary residence and may not be let or sub-let without prior approval from City of Edinburgh Council.
The property price is capped at 80% of open market value for all future re-sales, and the first sale purchaser price from a Golden Share home is currently £214,796.
Golden Share terms and conditions
Eligibility for the Golden Share scheme will be assessed by The City of Edinburgh Council based on the evidence provided by the potential purchaser.
This evidence includes (but is not limited to):
Further information on low cost ownership homes can be found on the Edinburgh government website.
To take advantage of Golden Share, search for your new home and speak to a member of our sales team.