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NACE 68.12: Development of building projects

NACE Rev. 2.1 class. Replaces NACE Rev. 2 41.10, 42.99. Closest ISIC Rev. 4: 4100, 4290.

NACE Rev. 2.1 class 68.12 is "Development of building projects". It sits in section M (REAL ESTATE ACTIVITIES), then division 68 (Real estate activities), then group 68.1 (Real estate activities with own property and development of building projects). In the previous classification, NACE Rev. 2, the activity was covered by 41.10 (Development of building projects), 42.99 (Construction of other civil engineering projects n.e.c.).

What the class includes

This class 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

What it excludes

This class excludes: - construction of residential and non-residential buildings, see division 41 - complete remodelling or renovating of existing residential or non-residential buildings involving several specialised construction activities, see division 41 - painting and glazing activities as part of maintenance, see 43.34 - construction activities related to land improvement, see section F - development of building projects for own operation, i.e. for renting out the space in these buildings, see 68.20 - architectural and engineering activities, see 71.1 - provision of architectural or engineering project management services for construction projects, see 71.1

Correspondence with NACE Rev. 2

NACE Rev. 2Label (Rev. 2)Also maps to
41.10Development of building projects-
42.99Construction of other civil engineering projects n.e.c.1

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Neighbouring classes

68.11 Buying and selling of own real estate

Use it

Convert a list of NACE Rev. 2 codes to Rev. 2.1 in your browser, or search all codes. The same data is available from the API and the MCP server.

Official classification texts from EU Vocabularies (Publications Office of the European Union, CC BY 4.0), read on 2026-10-05. Correspondence tables link classes that cover the same activities; one old class can be split across several new ones, so check the notes before you convert a dataset. Information only.