It’s especially the prices of smaller apartments that have gone through the ceiling. While in 2015 there were 48,000 apartments available for rent for under 5,000 kroner, today there are only 36,300. An average two-bedroom apartment cost 8,536 kroner in 2014, while today the price of a similar apartment is up at 11,225. One of the reasons for this is a paragraph in the housing regulation law, which allows landlords to make renovations that in turn grants them the right to elevate prices. A small investment in renovating can yield a big profit and some companies have been exploiting this opportunity.