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After the attack, the man reportedly ran out into the street covered in blood, carrying his victim's head and telling passers-by: 'This is my treasure'.
He also shouted: 'God is on Earth,' according to local news site CanariasalDia.com, quoting Mayor Reverón, who said the killer lived in a 'semi-abandoned' house.
Wine merchant David Scott, 41, said the attacker spent most days sitting 50 yards from the scene of the attack 'talking to himself and gesticulating wildly'.
'He was very disturbed and intimidating, the sort of person you would cross the road to avoid,' he added.