Real estate activities

NACE v2.0 Code: L68

About real estate activities

NACE code 68 covers real estate activities, a vital sector that plays a crucial role in the broader economy. This industry is responsible for the management, sale, and rental of real estate properties, including residential, commercial, and industrial spaces. Real estate activities are essential for providing shelter, workspace, and investment opportunities, contributing to economic growth and development.

Production process

The main production techniques in the real estate industry involve the acquisition, management, and transaction of properties. This includes activities such as property valuation, negotiation, contract drafting, and the facilitation of sales, purchases, and rental agreements. Real estate professionals also provide advisory services, market analysis, and property management services to clients.

Production inputs

The key inputs required for the real estate industry include access to a diverse portfolio of properties, market data and analysis, legal and financial expertise, and a skilled workforce of real estate agents, brokers, and property managers. Additionally, the industry relies on various supporting services, such as legal, financial, and marketing services, to facilitate real estate transactions and property management.

Production outputs

The primary outputs of the real estate industry are the sale, rental, and management of residential, commercial, and industrial properties. These properties are then consumed by a wide range of other NACE codes, including 41 Construction of buildings, 45 Wholesale and retail trade and repair of motor vehicles and motorcycles, and 55 Accommodation, among others. The real estate industry also generates income and investment opportunities for individuals and businesses.

Revisions to 68

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 68. The most recent 6 versions of this code (68) is in the NACE v2.1 system:

This page shows a legacy version of code 68 ( NACE v2.0).

Newer versions

Related ISIC Codes

These isic codes are related to this econ code: (68).

ISIC code ISIC Version ISIC title
68ISIC v4.0Real estate activities

Family tree for real estate activities

    graph LR
    A["<a href='/classifications/nace/v2/L'>L: REAL ESTATE ACTIVITIES</a>"]
A --> B["<a href='/classifications/nace/v2/L/68'>68: Real estate activities</a>"]

    
    B --> C["<a href='/classifications/nace/v2/L/68/1'>68.1: Buying and selling of own real estate</a>"]
B --> D["<a href='/classifications/nace/v2/L/68/2'>68.2: Rental and operating of own or leased real estate</a>"]
B --> E["<a href='/classifications/nace/v2/L/68/3'>68.3: 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 E 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