Person residing in a European house (5)
I believe the answer is:
abode
'house' is the definition.
(I know that abode is a type of house)
'person residing in a european' is the wordplay.
'person' becomes 'bod' (bod can informally mean a person or body).
'residing in' is an insertion indicator.
'european' becomes 'E' (abbreviation e.g. EU).
'a'+'e'='ae'
'bod' going into 'ae' is 'ABODE'.
(Other definitions for abode that I've seen before include "stay" , "Pad" , "Home or domicile" , "Place of residence" , "Dwelling, residence" .)