This page lists the services described by NACE code M68, including relevant sub-categories:
- NACE 6810
- NACE 6820
- NACE 6830
Activities
Buying and selling of own real estate:
- Includes: Buying and selling of self-owned real estate, e.g. apartment buildings and dwellings; non-residential buildings, including office buildings, industrial buildings, warehouses, hotels and other leisure buildings, exhibition halls, self-storage facilities, retail stores/shops, and shopping centres; data centres; land; subdividing real estate into lots, without land improvement
- Excludes: General construction and specialised construction activities for buildings and civil engineering works; architectural and engineering activities and related technical consultancy; provision of architectural or engineering project management services for construction projects
Development of building projects:
- Includes: Development of building projects for self-owned residential and non-residential buildings or civil engineering works by bringing together financial, technical and physical means to realise the building projects for later sale; subdividing and improving of self-owned land for later sale; redevelopment of building projects for self-owned residential and non-residential buildings or civil engineering works to realise the building projects for later sale
- Excludes: Construction of residential and non-residential buildings; complete remodelling or renovating of existing residential or non-residential buildings involving several specialised construction activities; painting and glazing activities as part of maintenance; construction activities related to land improvement; architectural and engineering activities; provision of architectural or engineering project management services for construction projects.
Pricing Example – Real estate activities with own property and development of building projects
When providing a product, your descriptions should contain:
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Description of a representative contract or model which would be priced on a continual basis. In some cases, this may be a regular repeatable contract
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Any important details that will help with repricing in future quarters
Product: Contract to sell 10 Ha of residentially zoned land in Dublin
Price: €1000
Activities
- Includes: Rental and operating of self-owned or leased real estate such as apartment buildings and dwellings; non-residential buildings, including office buildings, industrial buildings, warehouses, hotels and other leisure buildings, exhibition halls, self-storage facilities, retail stores/shops, and shopping centres; data centres; land, including agricultural and forestry land; provision of homes and furnished or unfurnished flats or apartments for more permanent use, on an annual basis or longer; operation of residential mobile home sites for primary residences; development of building projects for own operation, i.e. for rental of space in these buildings.
- Excludes: Operation of hotels, suite hotels, holiday homes, rooming houses, camping grounds, trailer parks and other non-residential or short-stay accommodation places (including student accommodation) provided for less than one year; development of building projects for residential and non-residential buildings, for later sale; rental of machinery; residential care activities for older persons or persons with physical disabilities, including supervision and assistance in daily living.
Pricing Example – Rental and operating of own or leased real estate
When providing a product, your descriptions should contain:
-
Description of a representative contract or model which would be priced on a continual basis. In some cases, this may be a regular repeatable contract.
-
Any important details that will help with repricing in future quarters
Product: Contract to collect rent from 100 property portfolio
Price: €3000
Activities
Intermediation service activities for real estate activities:
- Includes: The intermediation of buying, selling and rental of real estate by bringing clients and sellers or service providers together for a fee or commission. These intermediation activities can be carried out on digital platforms or through non-digital channels (including face-to-face, door-to-door, telephone, mail, and so on). The fee or commission can be received from either the client or the seller of the real estate or the provider of the real estate service. Revenue for the intermediation activities can include other sources of income (for example, revenues from selling advertising space to third parties); intermediation in buying, selling and rental of real estate on a fee or contract basis; provision of real estate listing services.
- Excludes: Activities of real estate escrow agents; legal activities.
Other real estate activities on a fee or contract basis:
- Includes: Activities of rent-collecting agencies; management of real estate (e.g. property management of real estate or dwellings in joint ownership (mostly carried out on a fee or contract basis)); activities of real estate valuation; activities of real estate escrow agents; advisory activities on a fee or contract basis, in connection to buying, selling and rental of real estate.
- Excludes: Legal activities; asset management activities as part of financial management consulting; combined facilities support service activities; the provision of a combination of support services (e.g. general interior cleaning, maintenance and making minor repairs, waste disposal, guard and security services).
Pricing Example – Real estate activities on a fee or contract basis
When providing a product, your descriptions should contain:
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Unit of Sale (e.g. price per hour or day)
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Hourly costs broken down by experience of employees if applicable
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Any important details that will help with repricing in future quarters
Product: Typical Architectural project worked by Junior Architect charged per hour
Price: €50
