Real estate activities with own or leased property
ISIC v4.0 Code: 6810
About real estate activities with own or leased property
isic code 6810 covers real estate activities involving the buying, selling, renting, and operation of self-owned or leased real estate properties. This industry plays a crucial role in the broader economy, providing essential infrastructure and facilitating various economic activities. Real estate activities are a key driver of economic growth, as they support the development of residential, commercial, and industrial spaces necessary for businesses, households, and communities to thrive.
Production process
The main production techniques in the real estate industry involve the acquisition, management, and disposition of real estate properties. This includes activities such as property valuation, negotiation of purchase or lease agreements, property maintenance and repair, and the marketing and sale or rental of properties. Real estate professionals utilize a range of tools and technologies, such as property management software, market analysis data, and online listing platforms, to streamline these processes and optimize the efficiency of their operations.
Production inputs
The key inputs required for the real estate industry include land, buildings, and other physical structures, as well as the financial resources and expertise needed to acquire, develop, and manage these properties. Real estate professionals also rely on various support services, such as legal, accounting, and marketing services, to facilitate their operations. Additionally, the industry requires a skilled workforce, including real estate agents, property managers, and construction workers, to carry out the necessary tasks.
Production outputs
The primary outputs of the real estate industry are the provision of residential, commercial, and industrial properties for sale or lease. These properties are then consumed by a wide range of other industries, including 4100 Construction of buildings, 4520 Maintenance and repair of motor vehicles, 4610 Wholesale on a fee or contract basis, and 4711 Retail sale in non-specialized stores with food, beverages or tobacco predominating, among others. The real estate industry also generates income and employment opportunities for individuals and businesses involved in the sector.
Family tree for real estate activities with own or leased property
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