Irish Independent:Using rental return to guage LPT


I’m confused about the property tax valuation on my investment property. It cost €240,000 in 2006 and I was told I could expect to make over 8pc of the purchase price annually in rental income once I had renovated. Since then, rent has fallen considerably and I’m getting just under €11,000 per annum. Is the rental yield still a good measure of value?