What is the nature of real estate?

This unit belongs to the service industry and is a part of the tertiary industry.

Property has both the nature of service and administration, and its nature varies with different owners and management methods. Property management company is an independent accounting and self-financing economic entity established in accordance with legal procedures, engaged in property management activities and providing comprehensive services and management for owners and tenants.

Property is not only a simple service provider, but also undertakes some special administrative functions. Management and supervision are carried out by industry committees, owners' congresses, neighborhood committees, sub-district offices, fire protection, public security, urban management, water and electricity, special inspection, housing management, housing construction committees and other departments or departments with related functions.