Italy's Luxury Housing Market

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Property sale, center, and rental signs hang from a street lamp near... News PhotoApartment,Civilian,District,Electric Lamp,Europe,Expense,Finance,Hanging,Italy,Loan,Luxury,Mortgage,Mortgage Document,Residential Building,Rome - Italy,Street,VerticalPhotographer Collection: Bloomberg 2012 BloombergProperty sale, center, and rental signs hang from a street lamp 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