Georgia Student Housing (PBSA) Market Report 2026
Medical Education Hub: 16,093 Indian Students (64% Market Share), $52M Market, High Concentration Risk
Key Performance Indicators
India dominates with 64% of 25,000 international students, High concentration risk
Critical Risk: Single Source Dependency
India represents 64% of all international students and 95% of Indian students pursue MBBS. Any NMC policy change could severely impact the entire market.
Source Country Distribution
Extreme concentration, India at 64%, South Asia at 75%
Students by City
Tbilisi dominates with 75% of Indian students
Accommodation Landscape
20,000 organized beds serving 25,000 international students
Housing Distribution
60% of Indian students in private housing
Monthly Costs (USD)
Highly affordable, Dormitories from $100/month
NMC-Approved Universities
12 universities approved for Indian medical students
| University | City | Dorm Beds | Indians | $/Month |
|---|---|---|---|---|
| Tbilisi State Medical University | Tbilisi | 1,200 | 3,500 | 180 |
| Caucasus International University | Tbilisi | 800 | 2,200 | 150 |
| European University | Tbilisi | 600 | 1,800 | 160 |
| New Vision University | Tbilisi | 500 | 1,500 | 200 |
| Batumi Shota Rustaveli State | Batumi | 700 | 2,000 | 120 |
| Others (7 universities) | Various | 3,700 | 4,093 | 140 |
Market Risk & Maturity Analysis
Emerging market with high concentration and NMC dependency risks
Market Maturity Index
Investment Thesis
High-yield emerging market with 10-15% returns, but significant concentration risk. Best suited for local investors or those with high risk tolerance. First-mover advantage available but must hedge NMC dependency.