Yes. Less so than a few years ago from what I can tell.
Ah okay. I mostly associate it with summers in Spain where it was omnipresent for a few years, a very, very big thing. To quote Wikipedia:
Reggaeton has not become as popular in Europe as in Latin America. However, it has a great appeal to Latin American immigrants, especially in Spain. A Spanish concept called "La Canción del Verano" (The Summer Song), under which a particular song or two define the mood for the season and are regarded unofficially as such by Spanish media, served as the basis for the appearance popularity of reggaeton songs such as Panamanian rapper Lorna's "Papi Chulo (Te Traigo el Mmm)" in 2003, "Baila Morena" by Héctor & Tito and Daddy Yankee's "Gasolina" in 2005.
I remember hearing Papi Chulo blasting from the streets through open windows during summer nights at 3 or 4 am
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