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 NKID 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 NKID 68?
- NKID 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 NKID 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 NKID 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 NKID and 1 other classification system.
- What is the parent category of 68?
- 68 Real estate activities sits under 68 Real estate activities in the NKID hierarchy.
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