WZSection
WZ M—Real estate activities
Section · Klassifikation der Wirtschaftszweige (2025)
Where M sits
- M Real estate activities
Contains 1 narrower code
What M includes
- This section covers the activities of owning, renting, buying, selling, developing, or renovating (converting/redeveloping) real estate. It includes various types of real estate investors (e.g., real estate investment trusts (REITs), property management companies, real estate funds, developers or real estate dealers, housing cooperatives).
- This section also covers the activities of real estate agents who perform one or more of the following: selling or buying land, buildings, and apartments; renting land, buildings, and apartments; and providing other real estate services (e.g., property valuation or acting as a real estate trustee). The activities covered by this section may involve owned or rented properties and may be performed for a fee or on a contractual basis.
- This section also includes the development of building projects for own buildings or deep structures, for subsequent sale or for rent.
What M excludes
- General and specialized construction activities for construction, see section F
M in other systems
ANZSICAustralia · New Zealand
- L Rental, hiring and real estate services approximate via ISIC M
- E Construction approximate via ISIC F
- 6711 Residential Property Operators inferred via ISIC M
- 6712 Non-Residential Property Operators inferred via ISIC M
- 6720 Real Estate Services inferred via ISIC M
- 3211 Land Development and Subdivision inferred via ISIC M
- 3020 Non-Residential Building Construction inferred via ISIC F
- 3019 Other Residential Building Construction inferred via ISIC F
ATECOItaly
- M Real Estate Activities exact via ISIC M
- F Construction approximate via ISIC F
- 68.11.00 Buying and selling of own real estate inferred via ISIC M
- 68.20.09 Rental and operating of own or leased real estate n.e.c. inferred via ISIC M
- 68.20.01 Rental and operating of own or leased non-residential land for telecommunication activities inferred via ISIC M
- 68.31 Intermediation service activities for real estate activities inferred via ISIC M
- 68.20.02 Rental and operating of own or leased non-residential land and buildings, plants and factories inferred via ISIC M
- 68.32 Other real estate activities on a fee or contract basis inferred via ISIC M
CNAE BrazilBrazil
- L Real estate activities exact via ISIC M
- F Construction approximate via ISIC F
- 6822-6/00 Management and administration of real estate property inferred via ISIC M
- 43.1 Demolition and site preparation inferred via ISIC F
- 6810-2/01 Buying and selling of own real estate inferred via ISIC M
- 43.2 Electrical, plumbing, and other installations in buildings inferred via ISIC F
- 6821-8/02 Real estate brokerage in property rentals inferred via ISIC M
- 43.3 Finishing works inferred via ISIC F
CNAESpain
- M Real Estate Activities exact via ISIC M
- F Construction approximate via ISIC F
- 68.20 Renting real estate on one's own account inferred via ISIC M
- 68.11 Purchase and sale of real estate on one's own account inferred via ISIC M
- 68.32 Other real estate activities on behalf of third parties inferred via ISIC M
- 68.31 Real estate brokerage services inferred via ISIC M
- 43.21 Electrical installations inferred via ISIC F
- 43.22 Plumbing, installation of heating and air conditioning systems inferred via ISIC F
HSICHong Kong
- F Construction approximate via ISIC F
- 682 Real estate activities on a fee or contract basis inferred via ISIC M
- 411 Erection of architectural superstructures inferred via ISIC F
- 412 Structural steel framework erection inferred via ISIC F
- 421 Construction of civil engineering projects inferred via ISIC F
- 422 Miscellaneous civil engineering works inferred via ISIC F
- 6812 Real estate leasing inferred via ISIC M
- 419 Other new building construction works inferred via ISIC F
ICNEAChina
- K Real estate industry approximate via ISIC M
- N Water conservancy, environment and public facilities management industry approximate via ISIC M
- E Construction industry approximate via ISIC F
- 7030 Real estate agency services inferred via ISIC M
- 7090 Other real estate industry inferred via ISIC M
- 7040 Real estate leasing and operation inferred via ISIC M
- 701 Real estate development and operation inferred via ISIC M
- 703 Real estate agency services broader via ISIC M
ISICUnited Nations (global)
- M Real estate activities exact
- F Construction approximate
- 6810 Real estate activities with own or leased property inferred via ISIC M
- 6821 Intermediation service activities for real estate inferred via ISIC M
- 6829 Other real estate activities on a fee or contract basis inferred via ISIC M
- 4390 Other specialized construction activities inferred via ISIC F
- 432 Electrical, plumbing and other construction installation activities inferred via ISIC F
- 4340 Intermediation service activities for specialized construction services inferred via ISIC F
JSICJapan
- K Real estate and goods rental and leasing approximate via ISIC M
- D Construction approximate via ISIC F
- L Scientific research, professional and technical services approximate via ISIC M
- 6919 Other real estate lessors inferred via ISIC M
- 6812 Land subdividers and developers inferred via ISIC M
- 6811 Sales agents of buildings and houses inferred via ISIC M
- 6922 Room lessors inferred via ISIC M
- 6911 Office lessors inferred via ISIC M
KSICSouth Korea
- L Real estate activities exact via ISIC M
- F Construction approximate via ISIC F
- 68119 Renting of other real estate inferred via ISIC M
- 68129 Development and subdividing of other real estate inferred via ISIC M
- 68121 Development and subdividing of residential buildings inferred via ISIC M
- 68122 Development and subdividing of non-residential buildings inferred via ISIC M
- 68111 Renting of residential buildings inferred via ISIC M
- 68112 Renting of non-residential buildings inferred via ISIC M
MSICMalaysia
- M Real Estate Activities exact via ISIC M
- F Construction approximate via ISIC F
- 68210 Intermediation service activities for real estate inferred via ISIC M
- 68299 Real estate activities on a fee or contract basis n.e.c. inferred via ISIC M
- 68109 Real estate activities with own or leased property n.e.c. inferred via ISIC M
- 68292 Appraisal services for real estate inferred via ISIC M
- 68291 Management of real estate inferred via ISIC M
- 68103 Buying, selling, renting and operating of self-owned or leased real estate – land inferred via ISIC M
NACEEuropean Union
- M Real estate activities exact
- F Construction approximate via ISIC F
- I Accommodation and food service activities approximate via ISIC M
- 68.11 Buying and selling of own real estate inferred via ISIC M
- 68.20 Rental and operating of own or leased real estate inferred via ISIC M
- 68.31 Intermediation service activities for real estate activities inferred via ISIC M
- 68.32 Other real estate activities on a fee or contract basis inferred via ISIC M
- 68 Real estate activities broader via ISIC M
NAFFrance
- M Real estate activities exact via ISIC M
- F Construction approximate via ISIC F
- 68.20H Renting and operating of other real estate owned or leased inferred via ISIC M
- 68.20G Rental housing inferred via ISIC M
- 68.11Y Buying and selling of own property inferred via ISIC M
- 68.31Y Activities of intermediation service to the real estate activities inferred via ISIC M
- 68.32G Activities of the units to non-producing holding of real estate assets inferred via ISIC M
- 41.00 Construction of residential and non-residential inferred via ISIC F
NAICSUnited States
- 53 Real Estate and Rental and Leasing approximate via ISIC M
- 21 Mining, Quarrying, and Oil and Gas Extraction approximate via ISIC F
- 23 Construction approximate via ISIC F
- 531190 Lessors of Other Real Estate Property inferred via ISIC M
- 531390 Other Activities Related to Real Estate inferred via ISIC M
- 531110 Lessors of Residential Buildings and Dwellings inferred via ISIC M
- 531120 Lessors of Nonresidential Buildings (except Mini warehouses) inferred via ISIC M
- 531130 Lessors of Mini warehouses and Self-Storage Units inferred via ISIC M
NAICS CanadaCanada
- 53 Real estate and rental and leasing approximate via ISIC M
- 23 Construction approximate via ISIC F
- 52 Finance and insurance approximate via ISIC M
- 53132 Offices of real estate appraisers inferred via ISIC M
- 531190 Lessors of other real estate property inferred via ISIC M
- 531390 Other activities related to real estate inferred via ISIC M
- 53131 Real estate property managers inferred via ISIC M
- 531120 Lessors of non-residential buildings (except mini-warehouses) inferred via ISIC M
NICIndia
- M Real estate activities exact via ISIC M
- F Construction approximate via ISIC F
- 682901 Activities of valuation of real estate, appraisal services inferred via ISIC M
- 682999 Other real estate activities on a fee or contract basis n.e.c. Including rent collecting inferred via ISIC M
- 681005 Renting and operating of real estate space for data centres and cloud infrastructure inferred via ISIC M
- 681004 Renting and operating Malls, spaces for commercial activities (including storage spaces), self storage spaces and similar activities inferred via ISIC M
- 682100 Intermediation in buying, selling, and rental of real estate through direct broker-client interactions on a fee or contract basis inferred via ISIC M
- 681099 Other real estate rental and leasing n.e.c. Including renting of plant and factory buildings and letting of roofs for mobile towers inferred via ISIC M
NOGASwitzerland
- M Real Estate Activities exact via ISIC M
- F Construction approximate via ISIC F
- 681100 Buying and selling of own real estate inferred via ISIC M
- 682003 Activities of housing cooperatives inferred via ISIC M
- 682001 Rental and operating of self-owned or leased land inferred via ISIC M
- 682002 Rental and operating of self-owned or leased buildings and dwellings inferred via ISIC M
- 43 Specialised construction activities inferred via ISIC F
- 683100 Intermediation service activities for real estate activities inferred via ISIC M
PKDPoland
- M Activities Related To The Real Estate Market exact via ISIC M
- F Construction approximate via ISIC F
- 68.11.Z Buying and selling real estate on your own account inferred via ISIC M
- 68.20.Z Rental and management of owned or leased properties inferred via ISIC M
- 68.32.A Real estate valuation activities inferred via ISIC M
- 68.32.B Real estate management activities performed on commission inferred via ISIC M
- 68.31.Z Real estate brokerage inferred via ISIC M
- 42 Works related to the construction of civil and water engineering facilities inferred via ISIC F
SCIANMexico
- 53 Real estate and rental services for movable and intangible assets approximate via ISIC M
- 23 Construction approximate via ISIC F
- 52 Financial and insurance services approximate via ISIC M
- 531210 Real estate agencies and real estate brokers inferred via ISIC M
- 531311 Real estate management services inferred via ISIC M
- 523 Stock market, foreign exchange and financial investment activities inferred via ISIC M
- 5311 Rent directly from real estate agents inferred via ISIC M
- 531 Real estate services broader via ISIC M
SICUnited States (legacy)
- H Finance, Insurance, and Real Estate approximate via ISIC M
- C Construction approximate via ISIC F
- I Services approximate via ISIC F
- B Mining approximate via ISIC F
- 6519 Real Property Lessors, NEC inferred via ISIC M
- 6514 Dwelling Operators, Except Apartments inferred via ISIC M
- 6517 Railroad Property Lessors inferred via ISIC M
- 6515 Mobile Home Site Operators inferred via ISIC M
SNISweden
- M Real Estate Activities exact via ISIC M
- F Construction approximate via ISIC F
- 68.110 Buying and selling of own real estate inferred via ISIC M
- 68.209 Other renting and operating of own or leased real estate inferred via ISIC M
- 68.31 Intermediation service activities for real estate activities inferred via ISIC M
- 68.202 Renting and operating of own or leased industrial premises inferred via ISIC M
- 68.32 Other real estate activities on a fee or contract basis inferred via ISIC M
- 68.203 Renting and operating of own or leased other premises inferred via ISIC M
SSICSingapore
- M Real estate activities exact via ISIC M
- F Construction approximate via ISIC F
- 68101 Real estate developers inferred via ISIC M
- 68103 Letting and operating of self-owned or leased real estate property (except food courts, hawker centres, coffee shops and canteens) inferred via ISIC M
- 68105 Collective portfolio investment funds with rental income inferred via ISIC M
- 68104 Letting and operating of self-owned or leased food courts, hawker centres, coffee shops and canteens (with mainly rental income) inferred via ISIC M
- 68102 Operating of serviced apartments inferred via ISIC M
- 68106 Management of self-owned strata titled property inferred via ISIC M
UK SICUnited Kingdom
- M Real estate activities exact via ISIC M
- F Construction approximate via ISIC F
- 68.11 Buying and selling of own real estate inferred via ISIC M
- 68.201 Renting and operating of housing association real estate inferred via ISIC M
- 68.202 Renting and operating of residential real estate other than housing associations inferred via ISIC M
- 68.209 Letting and operating of own or leased non-residential real estate other than conference and exhibition centres inferred via ISIC M
- 68.31 Intermediation service activities for real estate activities inferred via ISIC M
- 68.32 Other real estate activities on a fee or contract basis inferred via ISIC M
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