Fifty kilometres south-west of the Spanish capital of Madrid, is the world heritage city of Toledo. Regarded as having a starring role in the development of medieval western culture, Toledo once outshone Madrid, and was for a long stretch of time recognised as the most important city in Europe. Today, Toledo is a bustling city that combines the ancient with the modern and is a wonderful place in which to own Spanish property.
Situated on a meander of the Tagus River the city of Toledo is set upon a rocky hill that is semi-enclosed by water. Shops, restaurants, bars and other modern facilities are found around the ancient winding streets leading up from the river towards the hill's summit. All of the buildings retain a similar architectural theme, and so preserve the historical splendour of this city.
Toledo is an important tourist centre and attracts a constant stream of visitors all year round. Many of Toledo's festivals and attractions keep the cultural heart of Spain beating, while its proximity to Madrid, which is only a 45-minute car journey away, makes Toledo a very attractive choice when considering a Spanish property purchase in Central Spain.
Toledo also provides investors with a great opportunity to acquire rental property. The city's status and ease of access from the main international airport in Madrid makes it a prime target for city tourists who visit Madrid and want to explore more of Central Spain. Toledo property within the city and its surrounding countryside are hot locations for investors as the prices of Toledo property are still quite low when compared to some other tourist locations in Spain. A 3-bed villa in Spain on a new development near Toledo for example can be purchased for around €180,000 euros.
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