I own a MI5 Pro (4GB RAM/128GB ROM). I also live in EU.
The phone is awesome and the community here is also very good and a great addition to the ecosystem.
The camera is nice, but it is not the best there is. It has the tendency of underexposing by say 1/2 EV minimum.
All in all, I think this phone is now the best value for money. Specially if you buy the 3GB/32GB ROM (around 243 euros on geekbuying.com).
Please be aware of one thing. Since XIAOMI introduced international ROM versions, it looks like they will not allow bootloader unlocking anymore. They did allow it in the past because pople asked for it in order to install Google Services (Play Store and so) and they didn't have international ROMS back than (say 6 months ago). International ROM will allow you to install Google Services.
So, if you purchase it from CHINA, you will jot be able to unlock it and flash the ROMs from here. I have 2 colleagues with Xiaomi Redmi Note 3 and Redmi 3 on my job and they were unable to unlock their devices because they bought their phones after I did and an international version for their phones was already available.
I hope I am not completely wrong, but be aware. It is cheaper to buy from China, but...you know.