REAL ESTATE ACTIVITIES

NACE v2.1 Code: M

About real estate activities

NACE code M, 'Real Estate Activities', encompasses a vital sector of the economy that plays a crucial role in the development and management of the built environment. This industry is responsible for the acquisition, rental, and sale of real estate properties, including residential, commercial, and industrial spaces. It is a key driver of economic growth, as the real estate market directly impacts various other industries, such as construction, finance, and urban planning.

Production process

The core activities within the real estate industry involve the identification, evaluation, and facilitation of real estate transactions. Real estate professionals utilize a range of techniques, including market analysis, property valuation, negotiation, and contract management, to ensure the efficient and effective transfer of property ownership or tenancy. Additionally, the industry relies on specialized knowledge of local regulations, zoning laws, and financing options to guide clients through the complex process of real estate transactions.

Production inputs

The real estate industry requires a diverse range of inputs to function effectively. These include access to a wide range of properties, both residential and commercial, as well as extensive market data and industry-specific information. Real estate professionals also rely on various tools and technologies, such as property management software, real estate listing platforms, and financial modeling tools, to support their operations. Additionally, the industry requires a skilled workforce, including real estate agents, property managers, and legal professionals, to navigate the complexities of the real estate market.

Production outputs

The primary outputs of the real estate industry are the successful facilitation of property transactions, the management of rental properties, and the provision of real estate-related services. These outputs directly impact other NACE codes, such as F CONSTRUCTION, K FINANCIAL AND INSURANCE ACTIVITIES, and L ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES, as the real estate industry provides essential inputs and services to these related sectors. The real estate industry also contributes to the overall development and growth of local and regional economies, as the availability and quality of real estate directly influence factors such as employment, investment, and urban planning.

Revisions to M

Classification codes are adjusted frequently. The code may have been revised or replaced between system versions. The table below shows the history (newest to oldest) of the code M. The most recent 2 versions of this code (M) is in the NACE v2.1 system (this version):

This page shows the most recent version of code M.

Family tree for real estate activities

    graph LR
    A["<a href='/classifications/nace/v2-1/M'>M: REAL ESTATE ACTIVITIES</a>"]

    
    A --> B["<a href='/classifications/nace/v2-1/M/68'>68: Real estate activities</a>"]


    %% Color coordination by level

    classDef level1 color:#000,fill:#a8f9ff,stroke:#333,stroke-width:2px
    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 A 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 A highlight