Italy's Luxury Housing Market

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A pedestrian crosses a street near residential apartment blocks in... News PhotoApartment,Civilian,District,Europe,Expense,Finance,Horizontal,Italy,Loan,Luxury,Mortgage,Mortgage Document,Pedestrian,Residential Building,Rome - Italy,StreetPhotographer Collection: Bloomberg 2012 BloombergA pedestrian crosses a street near residential apartment blocks in the Parioli 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