Mr Glossop said the investment and residential land markets remained strong, although the occupational market was "more patchy".
Richard Gwilliam, head of research at M&G Real Estate, says commercial property had a poor 2012, "reflecting general concern over the prolonged repair and rebalancing of the occupational market", but that this year there are tentative signs of a recovery.
Although we remain cautious on the outlook for the retail occupational market, we appreciate the continued income and capital growth potential within Value Retail and understand the wish to own the remaining 40% of Highcross where there is the potential to increase occupancy and experience some rental growth.
The firm link between the vocational training programme and allocation to an occupational labour market implies that, in addition to overall demand, occupation-specific job opportunities are a decisive factor in job-education matches at labour market entry.
Occupational labour markets are characterised by a division into a peripheral and an occupation-specific segment (Sengenberger 1978).
Hence, in occupational labour markets occupational change and unskilled entry employment are likely to be related transition outcomes.
In general, institutionalised pathways from IVET to work guarantee smooth transitions from school to occupational labour markets, preventing job-education.
Our study thus contributes to a more comprehensive understanding of how institutionalised pathways into occupational labour markets may lead to unfavourable employment outcomes among IVET graduates.
This research paper is structured as follows: we first shed light on the transition from vocational education to an occupational labour market and describe IVET in Switzerland.
This study also highlights that further research analysing entries to occupational labour markets should take the structure of available job opportunities at the micro level into account.
This contribution is also one of the first studies to assess the role of job opportunities measured at the micro level for transitions to an occupational labour market.
