AJMAN- Lebanon's real estate market is severely challenged and the formation of a government is important to allow a recovery, said Lebanese developer Solidere International's chief operating officer.

"Lebanon today, in general, real estate is severely challenged" Oussama Kabbani told Reuters.

"It's definitely putting a lot of stress on the real estate market because people need to feel stability. You need to have a government, you need to have sometimes legislation ...real estate is hurting, it's definitely hurting."

(Reporting by Alexander Cornwell; writing by Tom Arnold; editing by Jason Neely) ((Tom.Arnold@thomsonreuters.com; +97144536265; Reuters Messaging: tom.arnold.thomsonreuters.com@reuters.net))