68 - Real estate activities

This Chapter has been extracted from the ONS Explanatory Notes and provides a more detailed explanation of possible activities that could fall within the SIC Codes related to the Chapter.

68.1 Buying and selling of own real estate

68.10 Buying and selling of own real estate

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 also includes
- subdividing real estate into lots, without land improvement

This class excludes:
- development of building projects for sale, see 41.10
- subdividing and improving of land, see 42.99

68.2 Renting and operating of own or leased real estate

68.20 Renting and operating of own or leased real estate

68.20/1 Renting and operating of Housing Association real estate


This subclass includes:
- renting and operating of self owned or leased real estate which is used for housing association activities only

This subclass also includes:
- renting and operating of housing association owned real estate:
• apartment buildings and dwellings
• land
- providing homes for rent for those who are vulnerable, on low income and/or key workers such as nurses.
- sheltered or supported homes
- operation of services to help residents improve their communities
- offering homes through a shared ownership scheme
- development for building projects for own operation

68.20/2 Letting and operating of conference and exhibition centres                                                                                                                                                                                       

68.20/9 Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.


This subclass includes:
- renting and operating of self-owned or leased real estate:
• apartment buildings and dwellings
• non-residential buildings, excluding conference and exhibition centres, self-storage facilities
• land
- providing of homes and furnished or unfurnished flats or apartments for more permanent use, typically on a monthly or annual basis

This subclass also includes:
- operation of residential mobile home sites
- development for building projects for own operation

This subclass 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    

68.3 Real estate activities on a fee or contract basis

68.31 Real estate agencies

This class includes the provision of real estate activities by real estate agencies:
- intermediation in buying, selling and renting of real estate on a fee or contract basis
- advisory activities and appraisal services in connection with buying, selling and renting of real estate, on a fee or contract basis
- real estate escrow agents activities

This class excludes:
- legal activities, see 69.10

68.32 Management of real estate on a fee or contract basis

This class excludes:
- legal activities, see 69.10
- facilities support services (combination of services such as general interior cleaning, maintenance and making minor repairs, trash disposal, guard and security), see 81.10
- management of facilities, such as military bases, prisons, and other facilities (except computer facilities management), see 81.10

 

For all queries related to this Chapter or any other aspect of SIC Codes, please contact the Office of National Statistics on 01329 444970 or email classifications.helpdesk@ons.gov.uk.