There was some good news for Fly to Let Property owners recently when figures showed people are still planning to continue holidaying through the credit-crunch.

One report released by the airline Monarch said that Cyprus, the Canary Islands and Malaga are currently their most popular destinations but that Spain is still overall more popular.

Monarch also revealed that 43 percent more people have booked summer flights than this time last year.

The airline reported that 77 percent of respondents to a poll on the company website said the credit crunch would not reduce the number of flights they would go on next year, although 41 percent said they were looking to reduce costs.

Other Spanish news headlined Property Squeeze Hits Costa Teguise, concerned the popular location in Lanzarote which the story claimed is beginning to be hit by the global situation. However Fuerteventura remains to be massively popular with tourists.

Liam Bailey, chief market analyst for overseas property portal Property Abroad said: “It is no shock to me that people plan to continue holidaying through the credit-crunch, in fact those that can afford it will tend to holiday more because of the considerable stress the current situation brings.

“This will be of benefit to the conventional European holiday hotspots including Spain, Turkey and up-coming Cyprus; because it will mean the holiday rental markets will remain strong.

“Just how much of a benefit it will be depends on how long the credit-crunch lasts. Most people had made their holiday plans before the problems became severe and aren’t changing them. But if the problems continue three or four years down the line, then more and more people may pull-in-their-belts and holiday in Europe only. I can’t see many people, except the worst affected, stopping holidaying altogether.

Property Abroad are currently marketing properties is many of Europe’s holiday hotspots. The company has property in Spain from £29,000, property in Cyprus from £31,000 and property in Turkey from £16,000.

• Fly to Let investors who have been alerted by the guaranteed returns from the luxury Karma Developments’ in Bali and Thailand now have only limited opportunities remaining.

The developers report that there are just a handful of keys still available at Karma Jimbaran and Karma Kandara in Bali, and Karma Samui in Thailand.

Current investment possibilities range from one-bedroom apartments to a four-bedroom Grand Residence, and all properties feature a generous living area, fully equipped kitchen, and stylishly appointed bathroom. All the villas have their own private swimming pools.

Investors can choose from two distinct models for an ongoing financial return on their investment.

They can return their property to the resort rental pool under the management of Karma Developments’ sister company Karma Resorts, whereby they receive a share of quarterly rental income, in addition to 28 days’ free accommodation per year, or a guaranteed return on the investment of five percent net of the capital value per annum, for a set period.

There is also the possibility of long-term investment growth, with property values in Karma locations projected to grow by between 10 and 20 percent per annum over the next five to 10 years.

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