Looking for your own Irish castle? Always wanted your own medieval monastery in Tuscany? How about a palace in Provence?
Luxury real estate in Europe has gotten a lot cheaper in recent months with the stronger dollar and rising inventories. While "cheap" is relative—you still have to be rich to buy a castle—brokers say prices for high-end properties across Europe for American buyers are down 25 to 40 percent from a year ago.
That's lured a new wave of U.S. buyers to Ireland, France, Spain and Italy. Mark Harvey, a partner at real estate firm Knight Frank who specializes in French residential sales, said the number of Americans looking and buying in France has tripled in recent years, and now accounts for 10 percent of Knight Frank's French sales.
"The interest is huge right now," he said. And the summer calendar is quickly filling with a showings schedule for American buyers, he added.