GLASGOW has topped Madrid in a new study ranking the best global cities in which to be an expat.

The Expat City Index has rated 70 cities around the world and ranked them according to four major categories: Economics, Living, Environment and Urbanisation, and Family and Society.

The index was compiled by LoanLink, a German online mortgage company.

Scotland’s second city Glasgow was the only British urban centre to make it into the top 10, coming fifth ahead of both Madrid and Melbourne.

The best cities to be an expat in were Ottawa, Canada and Canberra and Wellington in Australia and New Zealand respectively.

Spain’s capital mainly lost out due to a perceived low immigration tolerance, which the report puts down to the fact only 13% of the Spanish population are foreign born.

Whereas Glasgow performed well as a result of an affordable house price to income ratio which was a third of that of London.

London is still one-of-a-kind for finance

London is still one-of-a-kind for finance

As people across the City head off on their travels over the summer holidays, there is no better time to reflect on the exciting opportunities for the UK across the globe as our future trading relationship comes into sharp focus.