Land in Costa Canyamel for Investment

Would you dream of building a house near the sea someday? Costa Canyamel is a beautiful area. The plot we offer is located on Via de la Muntanya, that is, in the forest, with easy access and very close on foot both to the small cove and the restaurant. There, you can build a two-story house with a basement, covering an area of about 590 m².

Canyamel is one of the most beautiful areas of the island, but for now, construction is not allowed. There is a moratorium because to develop the area, it would be necessary to build a new wastewater treatment plant, expand the electrical grid, and pave the streets to provide the urbanization with the minimum services. This issue is being studied by the town hall and the council to see if European funds could be used to urbanize the area. It is estimated that the necessary works would cost around 19 million euros. A few years ago, the town hall wanted to urbanize the area through a compensation board, but the owners disagreed, and this solution was rejected. At the end of 2025, the town hall decided to take charge of repairing the main roads of Costa Canyamel, so progress is being made.

Another positive for the future demonstrating the intention to find a solution soon is the cycle path, already completed and inaugurated in May 2026, providing access to Costa Canyamel that connects the Torre de Canyamel, the beach, and Costa Canyamel.

If you want to invest, this plot is an opportunity. It is cheap and very well located in the forest with easy access.

The day services are provided to the area, prices will triple. So it’s best to take advantage today.

The sale is subject to ITP (Property Transfer Tax).
Expenses will be 8% of the sale price plus notary and registration fees, approximately a total of 14,000 euros.

Our real estate agency is registered in the professional ROAIIB registry with number GOIBE787033/2024. Contacting an agent registered with ROAIIB guarantees working with a trusted professional.

When buying land, you must prepare a Basic Project and apply for a building permit. Below are the usual percentage costs regarding the total budget of the construction:

1. Execution Project and Professional Supervision
(Architect + Quantity Surveyor + Health and Safety + Approvals)
≈ 8% – 12% of the total construction budget
Includes:
Basic Project
Execution Project
Construction Management
Execution Direction
Safety Coordination
Professional Approvals

2. Municipal Fees (Town Hall)
≈ 4% – 6% of the material execution budget (PEM)
Typical breakdown:
ICIO (Construction Tax): 3% – 4%
Urban planning fee: 1% – 2%
Construction waste fee: varies by municipality

3. Additional Technical Studies
≈ 1% – 2% of the budget
Includes:
Geotechnical study
Project energy certificate
Waste management study
Safety and health plan

4. Construction Cost (Mallorca)
This is the main expense:
Basic construction: ≈ €2,500 / m²
Higher quality construction: ≈ €3,500 / m²
Represents approximately 75% – 85% of the total project cost.

5. Connections and Services
≈ 2% – 4% of the budget
Includes:
Electricity
Water
Telecommunications
Septic tank (if there is no sewage system)

6. Legalization and Finalization
≈ 1% – 2% of the budget
Includes:
Final work certificate
Property registration
New construction deed
Land registry

7. Possible Other Expenses
(Depending on the case)
Decennial insurance: ≈ 1% – 1.5%
Prior demolitions
Quality improvements