I know Cabo Roig well and it is not for me. However, it has a number of attractions as a potential investment opportunity; proximity to 2 major airports, lots to do in the area, nightlife and entertainment on the Strip, beaches, numerous tourists (particularly from UK & Ireland), although quieter in Winter it doesn’t die.
Beachside around the back of the Strip would probably prove to be the most popular in terms of rental income.
However, on the downside;
With the Spanish economy on its knees and a glut of properties (especially 2 bed coastal apartments)
Sterling weak against the Euro
Many Brits handing the keys back etc
Is this the time to make your investment? IMO the market still has a way to drop and you would be better off taking your time over a decision – 5 years maybe