Foreigners denounce real estate fraud in Playa del Carmen

The homeowners disclosed that they were sold the homes at prices starting at $800,000 and going higher and that they rented them out during their absences.

Foreigners denounce real estate fraud in Playa del Carmen
Fraud in the Playa del Carmen real estate market has been criticized by international residents. Photo by Alisa Matthews / Unsplash

The owners said that they had paid anywhere from $800,000 and up for these properties and that while they were away, they rented out their homes. A group of Canadians and Americans have spoken about the fraud they saw at the condo complex KASA CONDO HOTEL, which is part of the Puerto Aventuras residential complex.

The victims accuse a man of English origin, Richard Philip Houghton, of selling them properties on Kantenah Bay Street, in Block 26, Lot 29, of the aforementioned complex, south of the municipality of Solidaridad (where Playa del Carmen is located), for prices ranging from $800,000 and upwards, to rent them out while they are away.