The simple answer is No! For a beginner, any (nylon stringed) classical guitar will do the job.
1) Any guitar with steel strings on it is NOT suitable. There was a time when certain styles of Country and Western and jazz guitars were advertised as "Spanish guitars" for some unknown reason. (I think because they have roughly the same shape as a classical / flamenco guitar). If you look hard enough you may even find a few books of the 1920's , 30's, and 40's which have plectrum style music for these "Spanish guitars". The equation seems to be: Flamenco = Spanish music = let's play it on my grandpa's Spanish guitar. Now where did he put those plectrums? Or something like that.
2) Another common misconception is that the bass strings on a classical guitar are steel. On the outside they look the same as their steel brothers but that's where the similarity ends. Classical guitar bass strings have many fine strands of nylon woven together inside the copper winding. If you look closely you will see these strands poking out of the end of the string.
3) The action needs to fairly low without producing excessive string buzz.
4) A solid wood top produces a better tone than a factory laminated wood guitar.
5) A tapping plate (golpador) needs to be attached on the top of the guitar. Genuine flamenco instruments already have these but any decent guitar repair shop or Luthier can stick one on for you. Right hand tapping techniques can certainly damage the guitar if this protection is not there.
6) Flamenco guitars are generally lighter in construction. I personally don't like heavy guitars. For me a guitar must feel comfortable and "user friendly". Heavy wood guitars like some classical guitars don't do it for me.
7) When I was learning I bought cheap guitars only. Mainly because I could not afford to pay $500 or more for a expensive hand made guitar by a respected luthier. When my guitar needed replacing, I just visited the local second hand guitar shop and spend an hour trying out different classical style guitars. A guitar does not have to be expensive; it just needs to "speak to me". What I mean is that it needs to feel comfortable and have a strong tone.
8) One consideration that I think is important is whether the strings maintain good tone even if they are fairly worn. This has more to do with the guitar than the strings themselves. That's why trying old guitars in a second hand shop is a good idea if you just want a cheap beginner's instrument.
Bass strings will naturally wear as a result of contact with the fret wires. Before this wear becomes excessive, loosen the string and pull it through the hole at the saddle about a centimeter or so. The idea is to shift the worn section so it appears over the spaces between the frets when you tighten it back up again.
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