%T Buy-to-let restriction in Rotterdam: stimulating households or bullying investors? %L theses_frw3913 %D 2022 %A P. Reitsma %X The buy-to-let restriction is a recent phenomenon in the Netherlands. This regulation gives municipalities the power to prohibit buy-to-let practices. It is a drastic limitation on property rights which should provide first-time buyers and young households a higher chance to buy affordable homes. Rotterdam is the first municipality to introduce the buy-to-let regulation in selected neighborhoods. This study researches the effects of the new policy on home prices and the trading liquidity of homes in Rotterdam using a difference in difference model.