Loans in China's real estate sector experienced steady growth as the housing market regained vigor, data from People's Bank of China showed on October 23.

By the end of September, financial institutions in China had lent 14.17 trillion yuan ($2.31 trillion) to the property sector, up 19 percent year on year, 0.9 percentage points faster than the growth at the end of June.

Outstanding loans for property development amounted to 3.43 trillion yuan ($563.9 billion) as of the end of September, with a year-on-year increase of 14.9 percent, while individual housing loans jumped 21.2 percent to 9.47 trillion yuan ($1.56 trillion).

Outstanding loans for affordable housing development amounted to 686.3 billion yuan ($112.83 billion), up 31.3 percent year on year and accounting for 28.1 percent of the total.