Nurseries are considering fee rises of up to seven per cent to help pay for the new ‘living wage’, according to property expert Courteney Donaldson.
The head of childcare at Christie and Co said that while the nursery market is buoyant, with an increase in sales of 12 per cent on last year, and freehold assets regularly topping the £1m mark, more expensive childcare is a ‘foregone conclusion’.
‘From the conversations I am having, nurseries see no alternative. Expenditure will go up so income has to increase. It seems to be between 6 and 7 per cent, with some doing it in two stages.
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