A ban on rent increases and evictions is going to be extended.
The measures had been due to expire on Monday.
However the housing minister Darragh O'Brien will bring a memo extending that until later in the year.
He has yes to reveal how long the measures will be extended for.
Minister Darragh O'Brien says "The rent freeze and eviction moratorium which was brought in under emergency legislation will not be extended indefinitely so it is important to have alternative protections in place to safeguard renters. I am currently working with the Attorney General on legislation in this regard and I want to have it enacted prior to the Dáil recess."
It comes as a new report shows the average price of rent dropped by 3.3% in June compared to the same month last year.
Month on month rent drops were recorded in three of the four months since March as public health restrictions were brought in.
The Residential Tenancies Board says the average monthly rent in the first quarter of 2020 was €1,231 euro, a 5.4% annual increase.
Meanwhile, the number of new tenancies registered with the RTB dropped from 7 thousand in April to less than 4 thousand in May.
ESRI Senior Research Officer Conor O’Toole says it's likely the downward trends will continue:
"It's very clear now that covid-19 is here to stay with us for a much more protracted period, which means the econominc recovery is likely to be slower than we may have expected."
"The longer and deeper the economic shock, the more likely it is that rents will continue to moderate and likely decline in line with the more challenged economic environment."
