Peter Mathews (Dublin South, Independent) | Oireachtas source

The owner of a property in a Dublin suburb could get €2,000 per month or €24,000 per annum in rental income. Multiplied by 15, this equates to a 7% yield, or €360,000. That would be the open market value of the property. The cross check in this regard is that the family likely to be living in that property, if owner-occupied, will not, on average, have an income of more than €100,000. If one multiplies that by three, the investment yield valuation is lower. This needs to be dealt with by people who are in a position of authority. As I said, there is an awful lot of chatter around this issue at the moment. It may also be the case that currently there are people who, owing to an inheritance or a legacy, are participants in a small market, volume-wise, that has bid up prices beyond those investment values.