Word: bauchner
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...Donald Bauchner and his wife never expected to own a French chateau. But they rented a vacation home in Provence three years ago and fell in love with the region. "We started looking just to see what was out there," says the New York City businessman, 59, "and we were enthralled." What the Bauchners wound up with was an 18th century stone castle and 22 acres of forest. The place was a bargain at $570,000, even though a two-year renovation more than tripled the original cost. Now the Bauchners spend most of their time in Provence entertaining, visiting...
...Bauchner and Critchlow are part of a fast growing group of Americans who are buying and renting everything from castles to cottages in France, Italy, Spain and other European countries--and often for less than the price of a cramped apartment in Manhattan. "In the past five years," says Emile Garcin, owner of a French real estate agency that caters to foreigners, "the number of Americans buying chateaus has doubled." One big reason is the strong dollar, which has gained 40% against the franc since 1995 and 20% against the euro since that currency was launched two years...
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