Ibanez PF12MHCE-OPN

Absolutely great value for money.
As stated in most online reviews of PF12MHCE-OPN, it's a good choice for a beginner, but I would extend it for intermediate players as well.
Comfortable neck, no buzzing even in the highest frets and such sweet sound.
Highly recommended for someone with this budget!

Do not believe it is suitable for beginners as the neck is only 42 mm - this is very narrow and it takes time to use to even though I am not a beginner. The body is made from very very thin wood and it feels like a cardbord box. Sixth string sounds very thin and powerless too. It needs some fitting as some of the frets are buzzing. The tuners are also not great - I have to tune it every 2-3 days. Apart from that it actually it has nice sound, the electronics work fine and it is somewhat beatiful.

I believe it is a good guitar for beginners for the price.