UK expats branch out

Expatriates from the UK are increasingly looking to move to less traditional locations, it has been revealed.

According to FinancialAdvice.co.uk, countries in Europe are still very popular locations among Britons who choose to move overseas.

However, the website said that more and more people are looking at alternative countries as well, including some long-haul destinations.

FinancialAdvice.co.uk commented: "It seems that many may now be branching out to countries in South America."

The online portal said some people are choosing to move because house prices in the UK are far more expensive than in many other parts of the world.

However, the weakness of the pound against the euro means that European countries are also expensive, whereas South America offers better value for money.

This comes after NuBricks.com revealed that Brazil is likely to experience economic growth of about 4.8 per cent this year.