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The Top500-Lexicon

The lexicon of the top500 ( The Encyclopedia for Classification Codes ) explains the codes and definitions in the world of economical classifications.

NACE Code 70.11 Development and selling of real estate

The NACE Code 70.11 is described as
Development and selling of real estate

This class includes:
· development of real estate projects:
· bringing together financial, technical and physical means to realize real estate projects for later sale, whether for residential buildings or other
This class excludes:
· development and construction work of a real estate project by a construction unit, see 45.2

It belongs to the code group
NACE Code 70.1 Real estate activities with own property

To this Code "70.11" belongs the sub codes
(No direct sub codes available)

The equivalent ISIC Code (Rev. 3.1) is
7010: Real estate activities with own or leased property
  Activités immobilières sur biens propres ou loués

The equivalent NAICS Code (Rev. 2002) is
237210: Land Subdivision

The Nearest HS Code (Harmonized System) (Rev. 2002) is
xxxx: No Code defined

Translation of the Code description
70.11: Erschließung von Grundstücken - Erschließung von eigenen Grundstücken
70.11: Development and selling of real estate - Development and selling of real estate
70.11: Promotion immobilière
70.11: Valorizzazione e vendita immobiliare
70.11: Promocion inmobiliaria por cuenta propia
70.11: Projectontwikkeling
70.11: Udstykning af fast ejendom

Alternative Spellings (synonyms): Real, realen, developments, realer
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