I believe the experience of owning a holiday home in Spain between 2002 and 2007, would be very different to 2007 to 2012, as you probably made a bit of money when you sold and that makes the whole thing seem sweeter. Those who bought at or near the peak can now be trapped and have the added annoyance of people trying to exploit their difficulties to the utmost. Having said that, anyone buying in the last couple of years or now, should do quite well out of it, if they get one of these bargain houses or apartments, so in a sense it's back to square one.
In terms of the original question, personally I don't see the attraction of some of the Almerian coast, with all that plastic, apart from maybe the prices I assume.