Italy's Luxury Housing Market

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A cyclist rides a bicycle past the gates to a private residential... News PhotoBicycle,Civilian,Cycling,District,Europe,Expense,Finance,Horizontal,Italy,Loan,Luxury,Mortgage,Mortgage Document,Residential Building,Riding,Rome - Italy,StreetPhotographer Collection: Bloomberg 2012 BloombergA cyclist rides a bicycle past the gates to a private residential street in the Coppede district of Rome, Italy, on Wednesday, Jan. 2, 2013. Italian property sales often are reported to be less than the actual price paid to reduce taxes or skirt controls on money laundering, according to the website of the finance police, which reports to Italian Finance Minister Vittorio Grilli. Photographer: Alessia Pierdomenico/Bloomberg via Getty Images