Division 68: Real estate activities

Section M, Real estate activities. 8 subcategories with ISTAT's explanatory notes and the ATECO 2022 codes they come from.

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  1. 68Real estate activities
  2. 68.1Real estate activities with own property and development of building projects
    ISTAT explanatory notes ›

    This group includes the activities of buying, developing and selling of self-owned real estate.

    Excludes

    • general construction and specialised construction activities for buildings and civil engineering works, see section FF
    • architectural and engineering activities and related technical consultancy, see 71.171.1
    • provision of architectural or engineering project management services for construction projects, see 71.171.1
  3. 68.11Buying and selling of own real estate
    ISTAT explanatory notes ›

    Excludes

    • subdividing and improving self-owned land for later sale, see 68.1268.12
    • development of building projects for sale, see 68.1268.12
  4. 68.11.0Buying and selling of own real estate
  5. 68.11.00Buying and selling of own real estate
    From ATECO 2022: 68.10.00 Compravendita di beni immobili effettuata su beni propri (all from here)
    ISTAT explanatory notes ›

    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

    Also includes

    • subdividing real estate into lots, without land improvement
    • buying and selling of timeshare properties
  6. 68.12Development of building projects
    ISTAT explanatory notes ›

    Excludes

    • construction activities related to land improvement, see section FF
    • complete remodelling or renovating of existing residential or non-residential buildings involving several specialised construction activities, see division 4141
    • construction of residential and non-residential buildings, see division 4141
    • painting and glazing activities as part of maintenance, see 43.3443.34
    • development of building projects for own operation, i.e. for renting out the space in these buildings, see 68.2068.20
    • architectural and engineering activities, see 71.171.1
    • provision of architectural or engineering project management services for construction projects, see 71.171.1
  7. 68.12.0Development of building projects
  8. 68.12.00Development of building projects
    From ATECO 2022: 41.10.00 Sviluppo di progetti immobiliari senza costruzione (in part) · 42.99.01 Lottizzazione dei terreni connessa con l'urbanizzazione (in part)
    ISTAT explanatory notes ›

    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

    Also includes

    • redevelopment of buildings projects for self-owned residential and non-residential buildings or civil engineering works to realise the building projects for later sale
  9. 68.2Rental and operating of own or leased real estate
  10. 68.20Rental and operating of own or leased real estate
    ISTAT explanatory notes ›

    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, see division 5555
    • development of building projects for residential and non-residential buildings, for later sale, see 68.1268.12
    • rental of machinery, see 77.377.3
    • residential care activities for older persons or persons with physical disabilities, including supervision and assistance in daily living, see 87.3087.30
  11. 68.20.0Rental and operating of own or leased real estate
    ISTAT explanatory notes ›

    Implementation rule

    • Activities of rental and operating of own or leased real estate are subdivided in rental and operating of own or leased non-residential land for telecommunication activities, rental and operating of own or leased non-residential land and buildings, plants and factories, rental and operating of own or leased real estate n.e.c.
  12. 68.20.01Rental and operating of own or leased non-residential land for telecommunication activities
    From ATECO 2022: 68.20.01 Locazione immobiliare di beni propri o in leasing (affitto) (all from here)
    ISTAT explanatory notes ›

    Includes

    • rental and operating of self-owned or leased land equipped with antennas and cable ducts for telecommunication activities
  13. 68.20.02Rental and operating of own or leased non-residential land and buildings, plants and factories
    From ATECO 2022: 68.20.01 Locazione immobiliare di beni propri o in leasing (affitto) (in part) · 68.20.02 Affitto di aziende (in part) · 82.11.02 Gestione di uffici temporanei, uffici residence (in part) · 82.99.30 Servizi di gestione di pubblici mercati e pese pubbliche (in part)
    ISTAT explanatory notes ›

    Includes

    • rental and operating of self-owned or leased real estate, e.g.:
      • non-residential land, including agricultural and forestry land (excluding land equipped with antennas and cable ducts for telecommunication activities)
      • 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
    • rental and operating of premises for permanent markets, e.g. fruit and vegetable markets
    • rental of non-equipped offices, co-working places and fully equipped offices

    Also includes

    • rental of industrial plants and factories, including machinery and equipment
    • rental of premises equipped for the provision of health care services by third parties

    Excludes

    • marketing of licences and other administrative authorisations for commercial-type activities, see 74.91.0074.91.00
  14. 68.20.09Rental and operating of own or leased real estate n.e.c.
    From ATECO 2022: 68.20.01 Locazione immobiliare di beni propri o in leasing (affitto) (all from here)
    ISTAT explanatory notes ›

    Includes

    • rental and operating of self-owned or leased real estate, e.g.:
      • apartment buildings and dwellings
      • residential 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
    • rental of non-moveable houseboats as primary residences
    • development of building projects for own operation, i.e. for rental of space in these buildings

    Also includes

    • letting of roofs (e.g. for solar power installations)
    • provision of space exclusively for animal boarding
  15. 68.3Real estate activities on a fee or contract basis
  16. 68.31Intermediation service activities for real estate activities
    ISTAT explanatory notes ›

    This class 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).

    Excludes

    • activities of real estate escrow agents, see 68.3268.32
    • legal activities, see 69.1069.10
    • judicial auctions, see 69.1069.10
  17. 68.31.0Intermediation service activities for real estate activities
  18. 68.31.00Intermediation service activities for real estate activities
    From ATECO 2022: 47.99.10 Commercio al dettaglio di prodotti vari, mediante l'intervento di un dimostratore o di un incaricato alla vendita (porta a porta) (in part) · 61.90.99 Altre attività connesse alle telecomunicazioni n.c.a. (in part) · 62.09.09 Altre attività dei servizi connessi alle tecnologie dell'informatica n.c.a. (in part) · 63.12.00 Portali web (in part) · 63.99.00 Altre attività dei servizi di informazione n.c.a. (in part) · 68.31.00 Attività di mediazione immobiliare (in part)
    ISTAT explanatory notes ›

    Includes

    • provision of real estate activities by real estate agencies or independent real estate agents
    • intermediation in buying, selling and rental of real estate on a fee or contract basis
    • activities of real estate auctions (excluding judicial auctions)

    Also includes

    • real estate listing services
  19. 68.32Other real estate activities on a fee or contract basis
    ISTAT explanatory notes ›

    Excludes

    • legal activities, see 69.1069.10
    • asset management activities as part of financial management consulting, see 70.2070.20
    • combined facilities support services: the provision of a combination of support services (e.g. general interior cleaning, maintenance and making minor repairs, waste disposal, guard and security services), see 81.1081.10
    • activities of condominiums as employers of domestic personnel, see 97.0097.00
  20. 68.32.0Other real estate activities on a fee or contract basis
    ISTAT explanatory notes ›

    Implementation rule

    • Activities included in this category are subdivided in management of real estate on a fee or contract basis and other real estate activities on a fee or contract basis n.e.c.
  21. 68.32.01Management of real estate on a fee or contract basis
    From ATECO 2022: 68.32.00 Amministrazione di condomini e gestione di beni immobili per conto terzi (all from here)
    ISTAT explanatory notes ›

    Includes

    • administration of condominiums
    • 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)

    Also includes

    • management of real estate, e.g. property management of real estate or dwellings for short-term (less than one year) accommodation for visitors and other travellers

    Excludes

    • activities of condominiums as employers of domestic personnel, see 97.00.1097.00.10
  22. 68.32.09Other real estate activities on a fee or contract basis n.e.c.
    From ATECO 2022: 68.31.00 Attività di mediazione immobiliare (all from here)
    ISTAT explanatory notes ›

    Includes

    • 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

Source and disclaimer

The code you find here has no legal value, like the one from ISTAT's own navigator. You can use it as a reference when you register or change a VAT number with the Business Register or the Italian Revenue Agency. If in doubt, ask your accountant. ISTAT's official ATECO navigator.

Data: ISTAT, ATECO 2025 classification, CC BY 4.0 licence. We reorganised the files for search without changing the text of codes and notes, except for the capitalisation of section titles. CC BY 4.0

ISTAT files used

ATECO documentation on istat.it