Have money to burn? Consider these markets

With residential prices falling, it's hard to believe there are some markets that still cost a small fortune. Monte Carlo is No. 1 in the Global Property Guide's list of World's Most Expensive Residential Real Estate Markets 2009, more than twice as expensive, at $45,000 per square meter, as the runners up-central Moscow and London. Prime central Moscow's $20,853 per square meter price tag slightly outpaces core Prime London's $20,756 per square meter.

Here are the top 10 most expensive property markets:

1. Monte Carlo
2. Moscow
3. London
4. Tokyo
5. Hong Kong
6. New York
7. Paris
8. Singapore
9. Rome
10. Mumbai

For global bargain hunters, there are several places where property prices are relatively cheap. The top 5 least expensive property markets are:

1. Cairo
2. Bangalore
3. Concepción
4. Quito
5. Chengdu

Source: Global Property Guide"