Real estate national overview Essay Example | Topics and Well Written Essays - 750 words

Real estate national overview - Essay Example In addition to, France hosts a number of NATO agencies, which play a significant role in the development of the group. France is an active part of the modernization process of NATO military (Milligan, 14). The state of the national economy of France is that it is stagnating. It is evident through growth, unemployment, and national debt. According to statistics, the economy of France will hit the European Union budget shortage of 2007 (Murphy, 8). The French believes that an intervention can bring the situation under control. The French president believes that an expansive fiscal policy is essential in dealing with the French economy. France has a GDP of $35700 in comparison to other nations in the region (Boyer, Berend & Haba, 19). The economy of France has expanded its horizons when relating various sectors of the economy. The central government has privatized most large companies in France to allow other stakeholders help the nation to develop. On the contrary, the government maintains to play a significant role in some sectors of the economy. The government manages to hold a majority of the shares in industries such power, transport and defense system. France has at least 82 million foreign tourists annually, and it is the most visited country in the world. France leaders are capitalists, and they have maintained a social equity through laws and policies. The unemployment rate in 2008 rose from 7.8% to 10.8% in 2013(Boyer, Berend & Haba, 19). Despite the slow rate of growth in France, the borrowing rate reduced significantly and attracted investors to the country. The demand for housing in France rose due to the massive demand for houses. The increase in interest rates increased the demand for houses in the nation. The availability of long mortgages has encouraged the demand for houses in France. The financial crisis caused a drop in housing projects in France. In comparisons with other countries, there are many similarities when it