Madrid has always been a popular destination for expats, and today it is home to a large community of foreigners from all around the world. According to a report by the Spanish government, there were approximately 330,000 foreign residents in Madrid in 2020.
The most common nationalities among the expat community in Madrid are from South America, particularly from Ecuador, Colombia, and Peru. Other significant communities include those from Romania, Morocco, and China.
One of the reasons that Madrid is such a popular destination for expats is its high quality of life. The city offers a great climate, excellent healthcare facilities, and a vibrant cultural scene, with world-class museums, galleries, and theaters. Madrid is also a relatively affordable city, with lower living costs than other European capitals such as London or Paris.
Another factor that has contributed to the growth of the expat community in Madrid is the city's thriving international business scene. Many large multinational companies have offices in Madrid, and there are also a growing number of start-ups and tech firms in the city.
The expat community in Madrid is also very active socially, with plenty of events and meetups organized by various groups and associations for foreigners. This makes it easier for newcomers to integrate into the city and make new friends.
Overall, Madrid is a welcoming and diverse city that offers an excellent quality of life for expats. With its warm climate, rich cultural heritage, and thriving business scene, it is easy to see why so many people choose to make the Spanish capital their home.