The Prime minister this week announced plans to dramatically escalate housebuilding in England and Wales over the next 12 years.

Gordon Borwn

About 1.7 million council homes have been sold off in the last 27 years. Only 700,000 have been built to replace them, while the population grows along with the cost of home ownership.

It's no surprise then that prime minister Gordon Brown has made housebuilding his top priority, and he announced this week a Labour party plan to increase delivery of new homes in England and Wales from 200,000 to 240,000 per year over the next nine years.

But we're currently straining to meet the 200,000 mark, so is his target of 3 million new homes in the next 12 years a realistic one?