68 Real estate activities
Code 68 comprises activities involving the purchase, sale, lease and management of real estate, including property development and real-estate brokerage. It covers the operation of own or leased residential, commercial or industrial properties and the provision of services that support these activities.
Where 68 sits in the NACE-BEL 2008 hierarchy
- >L Real estate activities
- >68 Real estate activities
- >68 Real estate activities
68 in other classification systems
Equivalent and related codes across 1 other system. Click any code to see its full definition, hierarchy, and crosswalks.
Subcategories of 68 Real estate activities
- 68.1Real estate activities with own or leased property
This class includes: - buying and selling of self-owned real estate: • apartment buildings and dwellings • non-residential buildings, including exhibition halls, self-storage facilities, malls and shopping centres • land This class excludes: - development of building projects for sale, see 41.10 - subdividing and improving of land, see 42.99
- 68.2Real estate activities on a fee or contract basis
This class includes: - rental and operating of self-owned or leased real estate: • apartment buildings and dwellings • non-residential buildings, including exhibition halls, self-storage facilities • land - provision of homes and furnished or unfurnished flats or apartments for more permanent use, typically on a monthly or annual basis This class excludes: - operation of hotels, suite hotels, holiday homes, rooming houses, campgrounds, trailer parks and other non-residential or short-stay accommodation places, see division 55
- 68.3Real estate activities on a fee or contract basis
Real-estate activities on a fee or contract basis involve managing, renting, leasing, operating or administering property on behalf of owners for a fee, commission or contract, including property-management services, valuation, advisory and related support, but not the ownership of the property itself. This sector excludes own-account real-estate activities, which are classified separately.
Frequently asked questions
- What is NACE-BEL 2008 68?
- NACE-BEL 2008 68 is "Real estate activities". Code 68 comprises activities involving the purchase, sale, lease and management of real estate, including property development and real-estate brokerage. It covers the operation of own or leased residential, commercial or industrial properties and the provision of services that support these activities.
- What does NACE-BEL 2008 68 include?
- 68 Real estate activities contains 3 direct subcategories: 68.1 Real estate activities with own or leased property; 68.2 Real estate activities on a fee or contract basis; 68.3 Real estate activities on a fee or contract basis.
- How does NACE-BEL 2008 68 map to other classification systems?
- 68 Real estate activities has equivalents in NACE Rev 2 (68). These crosswalks let you translate this code between NACE-BEL 2008 and 1 other classification system.
- What is the parent category of 68?
- 68 Real estate activities sits under 68 Real estate activities in the NACE-BEL 2008 hierarchy.
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