The Housing Minister is 'hopeful' that a vacant property tax measure can be announced for Budget 2023.
An Oireachtas Committee report is set to recommend the measure, as officials analyze data collected on vacant homes across the country.
Housing Minister Darragh O'Brien believes there is "a lot of merit" in such a tax, but warns it should be done correctly.
He says a tax is one solution but added there are other incentives to consider.
"We see in every town and village good properties on the main street and in the village core and I'm looking to help them.
"Not just by way of a tax that's brought forward but by a grant for homeowners where they would be able to get assistance to do those properties up.
"That would bring them back into the market and we're going to be launching that in the coming weeks."