Lake Como, tucked against Italy's border with Switzerland, has been home to ancient Roman grandees, Renaissance cardinals, Milanese industrialists and, most recently, to Russian billionaires and actor George Clooney. Now, with the dollar rising, a new wave of American buyers is taking an interest in the area.

The lake, about 40 miles long, has an array of towns and villages along its shore, running the gamut from high-priced resorts to rustic outposts.

Read more

Source: http://www.wsj.com/