Real estate activities
ISIC v4.0 Code: 68
About real estate activities
isic code 68 covers real estate activities, which are a crucial component of the broader economy. This industry encompasses the buying, selling, renting, and management of self-owned or leased real estate properties, such as residential, commercial, and industrial buildings. Real estate activities play a vital role in urban development, infrastructure planning, and the overall functioning of local and national economies.
Production process
The main production techniques in the real estate industry involve the acquisition, development, and management of real estate properties. This includes activities such as property valuation, market research, negotiation, legal documentation, and the coordination of various stakeholders, including buyers, sellers, tenants, and regulatory authorities.
Production inputs
The key inputs required for real estate activities include land, buildings, construction materials, legal and financial services, as well as skilled professionals such as real estate agents, property managers, and appraisers. Additionally, access to financing, market data, and regulatory frameworks are essential for the industry to function effectively.
Production outputs
The primary outputs of the real estate industry are the provision of residential, commercial, and industrial properties for sale, rent, or lease. These properties are then consumed by 68 Real estate activities, 41 Construction of buildings, 45 Wholesale and retail trade and repair of motor vehicles and motorcycles, and 55 Accommodation, among other industries that require physical space to operate.
Family tree for real estate activities
graph LR
A["<a href='/classifications/isic/v4/L'>L: Real estate activities</a>"]
A --> B["<a href='/classifications/isic/v4/L/68'>68: Real estate activities</a>"]
B --> C["<a href='/classifications/isic/v4/L/681'>681: Real estate activities with own or leased property</a>"]
B --> D["<a href='/classifications/isic/v4/L/682'>682: Real estate activities on a fee or contract basis</a>"]
%% Color coordination by level
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classDef level2 color:#000,fill:#e0a458,stroke:#333,stroke-width:1px
classDef level3 color:#000,fill:#419d78,stroke:#333,stroke-width:1px
classDef level4 color:#000,fill:#c04abc,stroke:#333,stroke-width:1px
classDef level5 color:#000,fill:#f1c40f,stroke:#333,stroke-width:1px
classDef level6 color:#000,fill:#f1c40f,stroke:#333,stroke-width:1px
classDef highlight color:#000,fill:#fff,stroke:#000,stroke-width:5px
%% Apply classes
class A level1
class B level2
class C level3
class D level3
class B highlight
%% class A level1
%% class B,C level2
%% class D,E,F,G,H,I level2
%% class J,K,L,M,N,O,P level3
%% class B highlight