PatchMatch is a simple, yet very powerful and successful method for optimizing continuous labelling problems. The algorithm has two main ingredients: the update of the solution space by sampling and the use of the spatial neighbourhood to propagate samples. We show how these ingredients are related to steps in a specific form of belief propagation in the continuous space, called Particle Belief Propagation (PBP). However, PBP has thus far been too slow to allow complex state spaces. We show that unifying the two approaches yields a new algorithm, PMBP, which is more accurate than PatchMatch and orders of magnitude faster than PBP. To illustrate the benefits of our PMBP method we have built a new stereo matching algorithm with unary terms which are borrowed from the recent PatchMatch Stereo work and novel realistic pairwise terms that provide smoothness. We have experimentally verified that our method is an improvement over state-of-the-art techniques at sub-pixel accuracy level.