Italy's Luxury Housing Market

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A property for sale sign sits on a wall near residential apartments... News PhotoApartment,Civilian,District,Europe,Expense,Finance,For Sale,Horizontal,Italy,Loan,Luxury,Mortgage,Mortgage Document,Residential Building,Rome - Italy,SittingPhotographer Collection: Bloomberg 2012 BloombergA property for sale sign sits on a wall near residential apartments 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