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Yes, it's been a while since I've been here; patches and a new race have changed the balance of power somewhat. But I'll allow myself to say a few words: my favorite and previously strongest Necromancer faction isn't what it used to be. Of course, the spirit that permeates the "hamsters" – Lord Vampire, Fireball, Budda, and others – will remain with us, and we will nostalgically remember when our "immoral" faction was a headache for everyone... To arms!!! And now, the mages, who were once not very impressive in appearance, have become favorites among the new fans of Heroes 5 (both Elves have always tried to challenge the strength of the Necromancers). But the Dwarves have strength and power now, with their defense and mana explosion (mages and High Elves are standing aside). As for Humans, they remain a difficult but too predictable opponent! That's all for now.
P.S. Damn, what are these answers? All races are strong; the main thing is to know how to play. Of course, that's true; there is a balance, but some have advantages and disadvantages that allow us to conclude that they are strong not only at a certain stage and not only in a specific situation, but in very frequent situations!